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I Need Salary Tax Calculation Format For 2007-08? |
Question by saravanan r | Posted in India
what are the release applicable for salaries case
Answer: Refer to tie up below for Income Tax Circular on TDS from salaries
http://www.allindiantaxes.com/it_circula r_2007-1_gas main.php |
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Create An Excel To Show The Monthly Salary Calculation For An Employee Which Has Been Created In Access And S? |
Question by sashi k | Posted in Homework Help
4.Spawn an excel to show the monthly salary calculation for an employee which has been created in access and show the annual salary and tax and PF calculation in another sheet.
| Answer: export it,release as *.xls (xcel) |
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Income Tax Calculation On Annual Salary Of Rs 4 Lakhs Approx.? |
Question by clipsys S | Posted in India
My freind is earning a lumpsum salary of Rs 4 lakhs annually
He wants to have knowledge of what are the exemption allowed, such as ( HRA, CA etc ) and what will be his tax liability. Where he should invest to bring down his tax liability.
Answer: If your bunk-mate is a male and <65 years of old:
Total Taxable Income: Rs.4,00,000:
Tax there on Rs.69,000+Edu.Cess=2,070 = Tot. Tax.= Rs.71,070/-
If he venture Rs.1 lakh. in 80c tax savings investments;
4 lakhs-1 lakh 80c= Rs.3 lakhs net taxable
Tax on 3 lakhs. Rs.39,000+ Edu.Cess=Rs.1170=Rs.40,170
Tax Slabs for this year for Manful <65 years of age.
Tax free up to Rs.1,10,000
1,10,001 to 1,50,000 @10%
1,51,001 |
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Tax And NI Calculation For Salary Of £160 Per Week? |
Question by fodigie2004 | Posted in United Kingdom
I privation to pay my nanny £160 net per week. Please can you tell me how much tax and NI i would need to deduct to arrive at £160 per week?
The tax laws is 522L.
| Answer: Give out .82 and it = £193 approx -£160 = £33 tax &NI.. |
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Income Tax Calculation On Annual Salary Income Of Rs 4 Lakhs Approx .? |
Question by clipsys S | Posted in India
My New Zealand mate is earning a annual salary of Rs 4 lakhs approx. He does not get the breakup of his salary as he is paid a lumpsum amount every month. He wants to be sure what will be his tax liabilty & what investments he will have to make to bring his tax liabilty to minimum.
Answer: An Eg of Proper Tax Planning
Mr Abhay, 35, a manager in a software company, earns an annual salary proceeds of Rs. 12,09,000. He has existing investments of Rs 2 lacs in 8% GOI Bonds and Rs 2 lacs in 6.5% Tax-Untie Bonds. He has also taken housing loan. In the F.Y. 2006-07, he shall pay a total sum of Rs 1,20,000 towards the refund of Shield Loan and the break-up will be Rs 45,000 as principal and Rs 75,000 as Interest.
He visits his investment advisor for tax planning. |
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Section 206AA: Calculation of TDS on salary « TIBS Blog
by Gautham
if the main TDS reprove is less than 20% then take away TDS at 20% else withdraw TDS at the potent position. This is because TDS on salary is premeditated not at a supine judge but on the constituent of a set of tax rates in out of the ordinary receipts slabs. With relevance to TDS on salary, there is more than one way of manipulative TDS on account of Portion 206AA. It would be beneficial if the Takings Tax segment provides supporting paragraph and numerical examples every outmoded a notification, which has an collision on tax calculation, is issued. Calculation of TDS on non-salary payments as per Branch 206AA is totally straightforward. Unfortunately, the Return Tax Dependent has not specified the method of TDS conclusion under Section 206AA....
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