what formula we are using to prepere monthly Salary in V lookup
Tds deducated on basic amount only not on service tax
Divide it by 12...
Multiply your current salary by 1.025 times.
To calculate a 3% raise, you need to multiply your current salary by .03. The amount you come up with will give you your raise. You can add these amounts together and get your total salary. Or multiply by 1.03 and save a step.
Lets assume you have HRA as a salary component. So the next step is to calculate the taxation aspect of the HRA Component. In order to do this, you need the following: 1. Your Basic Salary 2. The Actual HRA Component in your Salary 3. The Actual Rental paid every month 4. Whether you live in a Metro or a non-metro Once you have these details, try to calculate the following numbers: 1. If you are in a Metro - take 50% of your Basic salary and if not, take 40% of your Basic Salary 2. The Actual monthly HRA component from your salary 3. The Actual Rent paid - 10% of your Basic Salary Of these 3 figures whichever is the least is your eligible tax deduction against HRA.
what is the percentage of tds on salary ?
1) a) Salary Payable A/C Dr. TDS on Salary A/c Dr. To Salary A/c To TDS on Salary A/c b) Salary A/c Dr. TDS on Salary A/c Dr. To Bank
TDS Means Tax Deduction At Source .... Tax is the applicable Rate is to be deducted from the salary from the employee at the time of paying/ crediting the salary.... TDS rate is Depending on Basic amount ...
Tds deducated on basic amount only not on service tax
TDS stands for Tax Deducted at Source. It is a type of tax that is deducted by an individual or an organization while making payments such as salary, rent, commission, etc. and is deposited with the government on behalf of the taxpayer.
You can contact your regional Income Tax Office and raise a formal complaint. Every organization that pays a salary and deducts TDS is supposed to provide the Form 16 to its employees. However, if the company does not deduct TDS, they will only give you a Salary Certificate explaining the salary you earned.
24000+3000 petrol+other allowances- Approx 27000 after TDS.
You can find some information about the TDS SLAB for 2010 by going to the INCOME DEPARTMENT KARNATAKA & G O A REGION Click on the below Related Link
Divide it by 12...
To calculate a salary increase based on inflation, you can use the formula: New Salary Current Salary (Current Salary x Inflation Rate). This formula takes into account the current salary and the rate of inflation to determine the new salary amount.
Multiply your current salary by 1.025 times.
If you are looking forward to knowing more about TDS returns or TDS Filing, then before anything, it is important to check whether you are eligible for a TDS Return or not. Following are certain criteria to check the eligibility for the TDS Return or TDS Filing. An Individual, group of Individuals, Association of Individuals, Limited Companies, Hindu United Families, local Authorities, partnership firms, etc., are eligible to be deductors for TDS Return. According to the Income Tax Act, TDS Return Filing is done against pay-outs like Salary Income, Insurance Commission, Income on Securities, Income on Lottery winning, Horse Race winning, payout towards NSC, etc. Employers or organizations with valid TANs are eligible to file TDS returns. Individuals with accounts that are audited as per Section 44AB and hold an office under the governmental or company authority are eligible to file online TDS returns each quarter.