employees joined our organisation in November 08 on a CTC of 27,000/- & 35,000/- P.M. How to calculate how much TDS to deduct & at what % considering that they have not received any remuneration in 2008-09?
What if they have received any remuneration from previous employer? Then how much is the deduction?
2nd January 2009 From India , Secunderabad

For computing tax liablility for the employees' their CTC breakup needs to be studied along with their investments; i.e. the employees having package of 1,75,000/- (35000*5) from your current organization may get HRA, Transport exemptions (under section 10), PF Deductions (under section 80C) etc. before arriving at the taxable income.
The tax slab of the FY-0809 is (For Male employees)
Upto RS 1,50,000 0%
150000-250000 10%
250000-500000 20%
Above 500000 30%

For female employees
Upto Rs. 1,80,000/- 0%
1,80,001/- to Rs. 3,00,000/- 10%
3,00,001/- to Rs. 5,00,000/- 20%
Above 500000 30%

Hence after taking into consideration the exemptions even the employee drawing CTC of Rs. 35000/- from Nov'08 may not be liable for any tax.
Regards,
Manoj Nair:-)
6th January 2009
Hello....this is Bhawana from Delhi. i am working with an UK MNC under the Govt. company. my salary is Rs.12,000 pm which comes upto Rs.1,44,000 per annum. so could u tell me please tht whether TDS will be applied on my salary or not...??? & if yes, then how much???? plzzzz reply me fast.....
26th February 2009 From India , Delhi
you can check latest updates for procedure tds on salary
Procedure for Tax Deduction (TDS) on Salary | Tax India <link updated to site home>
23rd March 2009 From India , Amritsar
No, Tds Is Deducted Above Of 180000.00 & Ur Salary Is 144000.00 So Not Required To Deduct.
29th March 2009 From India , Delhi
No. You need not to file because your income is below 150000. You can calculate your income tax at
15th July 2009 From India , Hyderabad
 

Discuss problems openly with your peers around the world without getting into company specifics. Access to years of such problem discussion data and business material is at your finger tips.
All resources created by our members are available to everyone at no cost.





Disclaimer: This network and the advice provided in good faith by our members only facilitates as a direction. The advice should be validated by proper consultation with a certified professional. The network or the members providing advice cannot be held liable for any consequences, under any circumstances.


About Us - Advertise - Contact Us - RSS   On Google+  
Privacy Policy | Disclaimer | Terms Of Service
Facebook Page | Follow Us On Twitter | Linkedin Network