Hi,
This is Sirisha,I m working as a HR in a construction company so I would like to know the salary break up for a person whose gross monthly salary is Rs 100000/-.How to calculate TDS and deduct that amount.So pls mail me the solution to
From India, Vijayawada
2This is Sirisha,I m working as a HR in a construction company so I would like to know the salary break up for a person whose gross monthly salary is Rs 100000/-.How to calculate TDS and deduct that amount.So pls mail me the solution to
From India, Vijayawada
Dear sirishakakarlapudi,
Upto Rs.150000 - No TDS (Nil)
From 150000 to 300000 - 10.3%(TDS rate)
From 300001 to 500000 - 20.3% (")
Above 500000 - 30.3% (")
For Ex: Mr.X Earning Rs.28000 per month. TDS sholud be
deduct from his salary.
TDS Calculation:
RS.28000*12 = 336000
Upto Rs.150000 no TDS will be deducted.
So, 336000-150000 = 186000
its comes under 1st slab.
so, 186000*10.3% = 19158 (Which is for one year)
TDS deduction per Month is, 19158/12 = Rs.1596.5
From India, Bangalore
Upto Rs.150000 - No TDS (Nil)
From 150000 to 300000 - 10.3%(TDS rate)
From 300001 to 500000 - 20.3% (")
Above 500000 - 30.3% (")
For Ex: Mr.X Earning Rs.28000 per month. TDS sholud be
deduct from his salary.
TDS Calculation:
RS.28000*12 = 336000
Upto Rs.150000 no TDS will be deducted.
So, 336000-150000 = 186000
its comes under 1st slab.
so, 186000*10.3% = 19158 (Which is for one year)
TDS deduction per Month is, 19158/12 = Rs.1596.5
From India, Bangalore
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Salary with TDS Calculation-Fin al Amended for net.xls
TDS Calculation.doc x