Hi I am new to this site..... please any one help on how to caluculate TDS on salaries..... Sridevi
From India , Hyderabad
Dear Madam,
TDS on salary is calculated after calculation total salary for the entire year. For eg. if ur monthly pay is Rs. 25000/ ( basic=15000 + medical=2000+comveyance = 3000+hra 5000) , total salary income for the year will be Rs.300000/. The current I.T limit is for women = 190000/, for senior citizens rs.240000/ & for others it is Rs.160000/.
You may get deductions from your gross salary like 1250/p.m ag. medical, Rs.800/ p.m ag. conveyance etc & your savings which are eligible for rebate U/s 80C ( max. Rs.1lac + 20000extra for invt in infrastructure bond ), mediclaim u/s 80d, donations u/s 80g etc will be deducted . If after effecting these deduction your net income exceeds the I.T limit, tds is applicable on the difference amount.

From India , Mumbai
Dear friend Please confirm without depositing any medical bill , We can avail a deduction of Rs. 1250 agnst medical allowance Per month for tax purpose. Pls confirm Regards Gaurav
From India , Delhi
Hi Sridevi I am attaching herewith one tax calculator excel sheet downloaded by me from net and 1 pdf for study material. I hope it will be helpful. Best Regards Ashok Kumar Modi 9986452168
From India , Bangalore

Attached Files
File Type: pdf Income_Tax.pdf (344.6 KB, 340 views)

Learn Complete Practical Payroll Process under Labour Law, HR Policy & Advance Excel with 100% Job Placement. Call: 9953206011 Mr. S.D.Tiwari MBA-HR
From India , Kota

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