You do not have a standard tax deduction amount for this purpose. Nothing is withheld after she has the NET take home paycheck issued to her in her hand.
The employer payroll department would be the only that should be able to tell her how much they will be required to withhold from her GROSS salary wages for all of the different taxes and other amounts that they are required to withhold from her gross pay before they issue her the NET take home paycheck.
No
what effect do pretax salary reductions have on the federal income tax?
Your gross salary is your salary before the federal with-holding, state with-holding and social security taxes are deducted. once everything is deducted, that money that you get to take home is your net salary or net pay.
You can use the following calculator to determine how much tax will be deducted from your paycheck: http://www.paycheckcity.com/NetPayCalc/netpaycalculator.asp Remember that the amount of income tax deducted depends on how you fill out Form W-4 that you give to your employer. It is not the real amount of tax you owe. The real amount is calculated when you fill out your tax return at the end of the year. When you fill out and file your tax return, you will get a refund if too much was deducted or you will pay more if not enough was deducted.
The amount of income tax that is taken out each year changes and depends on how much you make. However, you will have to pay the standard social security and Medicare taxes. Most people have 10 to 15 percent of their income withheld for taxes.
No. Disposable income is that which is left after all taxes, pension contributions, medical insurance share, etc. has been deducted from an employee's salary.
When you earn income from an employer, the employer automatically withholds a portion of your salary for federal income taxes, which they remit to the government on your behalf.
what is the percentage of tds on salary ?
How much is left after 24815.00 in taxes is deducted from an annual salary of 83500.00?
Usually it is 12% of your basic salary
Contact your finance department and demand one (if your company has deducted taxes from your salary) If they dont give you one, contact your local income tax office
Yes. Honorarium is the part of salary for income tax purpose in India.