Gross Salary --
Less Allowences u/s 10 such as HRA, Conveyance,education,LTA,Prof Tax
Gross Income- Income chargable under Salary
Deduction under chapter V1 A - all PF LIC etc
Tax as per slab
3rd November 2010 From India , Mumbai
11th November 2010 From India , Gurgaon
Im the HR -Executive of leading engineering consulting company in chennai.. Im a fresher.. but i have managed everything here.. but the TDS is the oly process which im not able to learn properly.. bec here the accounts ppl not giving proper details and they are not ready to teach me the proper details to learn the process of TDS.. So kindly help me and solve my problem.. i just want to know the entire process of TDS deduction...
12th November 2010 From India , Madras
I am looking at the structuring of the Salary package in India. Many places i heard from only tend to confuse me with Taxes and Allowances. i want to know what is the really structured way in India, since I shall be heading the company's entry into India as a HR Head and it is mandatory to know the basics even before I structure out the requirement of personnel.
thanks and regards,
8th December 2010 From United Arab Emirates , Dubai
This is Rama Murthy,Business Development Manager of a Software Development Company.
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3rd March 2014 From India, Delhi
How to calculate TDS on Salary?
Below mentioned is the given format for calculation of TDS on Salary:
Gross annual salary ₹ ₹ ₹
Less: Exemption under Section 10 (₹ ₹ ₹)
(i.e. HRA, Conveyance Allowance, Medical Allowance, etc.)
Income chargeable under Salary head ₹ ₹ ₹
Add: Income from House Property
Rental Income ₹ ₹ ₹
Less: deduction under Sec. 24(b)
30% of rental Income (₹ ₹ ₹)
Interest paid on housing loan (₹ ₹ ₹) ₹ ₹ ₹
Add: Income from any Other Sources ₹ ₹ ₹
Gross Total Income ₹ ₹ ₹
Less: Chapter VI-A deduction (₹ ₹ ₹)
Taxable Income ₹ ₹ ₹
11th July 2019 From India,