Dear All, Can anyone please let me know how exactly the TDS is deducted from a salary of an employee? It is urgent. Also let me know the current rate for the financial year 2011-12. Thanks
From India, Pune
From India, Pune
TDS is deducted every month from salary of the employee.
For Individual Male less than 60 years
Up to 180000 : Nil
180001-500000 : 10%
500001-800000 : 20%
800001 & above : 30%
For Individual female,Age less 60 years
Up to 190000 : Nil
190001-500000 : 10%
500001-800000 : 20%
800001 & above : 30%
For Individual, Age more than 60 Years ( Senior Citizen)
Up to 250000 : Nil
250001-500000 : 10%
500001-800000 : 20%
800001 & above : 30%
For Individual ,Age more than 80 Years ( Super Citizen )
Up to 500000 : Nil
500001-800000 : 20%
800001 & above : 30%
Regards
Manjay
<manjay@malaygauri.com>
Malay Gauri Consultants Pvt Ltd
From India, Mumbai
10For Individual Male less than 60 years
Up to 180000 : Nil
180001-500000 : 10%
500001-800000 : 20%
800001 & above : 30%
For Individual female,Age less 60 years
Up to 190000 : Nil
190001-500000 : 10%
500001-800000 : 20%
800001 & above : 30%
For Individual, Age more than 60 Years ( Senior Citizen)
Up to 250000 : Nil
250001-500000 : 10%
500001-800000 : 20%
800001 & above : 30%
For Individual ,Age more than 80 Years ( Super Citizen )
Up to 500000 : Nil
500001-800000 : 20%
800001 & above : 30%
Regards
Manjay
<manjay@malaygauri.com>
Malay Gauri Consultants Pvt Ltd
From India, Mumbai
Well "deshprucha" TDS deduction is liability of Employer. and it should deducted every month by employee's monthly acquired salary.
"metaflex" has explained Tax Slab for the Financial Year 2011-12.
So, just calculate employee's "Gross Income" and after making deduction of "Tax Saving Factors", calculate "Taxable Income" and "Tax" using "Tax Slab".
that will be your "TDS" figure after divide it by 12 (As Months).
and submit it online.
From India, Jaipur
"metaflex" has explained Tax Slab for the Financial Year 2011-12.
So, just calculate employee's "Gross Income" and after making deduction of "Tax Saving Factors", calculate "Taxable Income" and "Tax" using "Tax Slab".
that will be your "TDS" figure after divide it by 12 (As Months).
and submit it online.
From India, Jaipur
Dear Sir/Madam,
Iam joined as a Accountant in software company, previous accountant submit the e-tds 1st & 2nd quarterly returns, i want to know the 1st & 2nd quarterly information(Deduction Details), previous accountant he brake the all information, i have only Tan No. & Pan No., how can i get the information.,
plse advice to me sir, how to submit the e-filing through RPU software,
plse told to me step by step
and how can i read the previous *.fvu files.,
& how to get the Previous Provisional Receipt Number (Quarterly Returns (1&2).
kindly advice to me sir
thanking u
From India, Hyderabad
Iam joined as a Accountant in software company, previous accountant submit the e-tds 1st & 2nd quarterly returns, i want to know the 1st & 2nd quarterly information(Deduction Details), previous accountant he brake the all information, i have only Tan No. & Pan No., how can i get the information.,
plse advice to me sir, how to submit the e-filing through RPU software,
plse told to me step by step
and how can i read the previous *.fvu files.,
& how to get the Previous Provisional Receipt Number (Quarterly Returns (1&2).
kindly advice to me sir
thanking u
From India, Hyderabad
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Format--new TDS rates.xls