427
Hi,
Anchal
TDS Calculation
Assume that
Gross- 40000
Basic is-20000(50%)
HRA is 8000 (40%)
coveyence-1000
Spl.Allowance-11000
monthly Yearly T.E Taxable
Basic 20000 240000 0 240000
HRA 8000 96000 0 96000
Conveyence 1000 12000 9600 2400
Spl.Allowance 11000 132000 0 132000
Total taxable=470400
TE =9600
Total income=470400
-2500
----------
467900
Total taxable=470400
-28800
-------------
441600 ( Section 80c PF investment)
TDS 441600
0-2 lac no tax
241600*10%=24160
TDS=24160*3% of Education Cess
Education Cess=725
24160+725=24885
monthly TDS=24885/12
2074 is monthly TDS
Note: In HRA Least of three Rule will come, i have not calculated becuase i have not taken EE Rent.
Hope u may understand this...........
From India, Mumbai
Anchal
TDS Calculation
Assume that
Gross- 40000
Basic is-20000(50%)
HRA is 8000 (40%)
coveyence-1000
Spl.Allowance-11000
monthly Yearly T.E Taxable
Basic 20000 240000 0 240000
HRA 8000 96000 0 96000
Conveyence 1000 12000 9600 2400
Spl.Allowance 11000 132000 0 132000
Total taxable=470400
TE =9600
Total income=470400
-2500
----------
467900
Total taxable=470400
-28800
-------------
441600 ( Section 80c PF investment)
TDS 441600
0-2 lac no tax
241600*10%=24160
TDS=24160*3% of Education Cess
Education Cess=725
24160+725=24885
monthly TDS=24885/12
2074 is monthly TDS
Note: In HRA Least of three Rule will come, i have not calculated becuase i have not taken EE Rent.
Hope u may understand this...........
From India, Mumbai
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