Pwd Bsr 2013 Rajasthan' title='Pwd Bsr 2013 Rajasthan' />How to calculate TDS on Salary FY 2. AY 2. 01. 4 1. 5Provisions of TDS on Salary as applicable on Income from Salary for Financial year 2. Assessment year 2. This includes how to calculate TDS on Salary for Financial year 2. Salary, Eligible deduction for Salaried Employees, TDS Due Date and TDS return and deduction provisions. Tonk/Tourist_Places/Sunehari%20Kothi.jpg' alt='Pwd Bsr 2013 Rajasthan' title='Pwd Bsr 2013 Rajasthan' />Government of India. Ministry of Finance. Department of Revenue. El Cantar De Roldan Pdf Descargar. Nov 03 2017 Examination Notice Ph. D. Degree Certificate Ref. No. Exam. E. 8. 9201718 dated 03. Nov 03 2017 Notificatin Credit and Marks Distribution for. Provisions of TDS on Salary as applicable on Income from Salary for Financial year 201314 Assessment year 201415. This includes how to calculate TDS on Salary for. RTI-03122014.jpg' alt='Pwd Bsr 2013 Rajasthan' title='Pwd Bsr 2013 Rajasthan' />Central Board of Direct Taxes. CIRCULAR NO. 82. Dated Dated October 1. Subject Income Tax Deduction from salaries during the financial year 2. Find A to Z full Forms Abbreviations Acronyms and All Full Forms at AllFullForms. EmpanelledProvider2017110319 State Name City Name HospitalName Address1 Address2 Pin STDCode PhNo MNo Fax eMail DELHI SWASTHIK HOSPITAL GOPAL NAGAR. Reference is invited to Circular No. Salaries under Section 1. Income tax Act, 1. Act, during the financial year 2. The present Circular contains the rates of deduction of income tax from the payment of income chargeable under the head Salaries during the financial year 2. Act and Income tax Rules, 1. Rules. The relevant Acts, Rules, Forms and Notifications are available at the website of the Income Tax Department www. RATES OF INCOME TAX AS PER FINANCE ACT. As per the Finance Act, 2. Section 1. 92 of the Act from income chargeable under the head Salaries for the financial year 2. Assessment Year 2. Rates of tax. A. Normal Rates of tax Sl No. Total Income. Rate of tax. Where the total income does not exceed Rs. Nil. 2Where the total income exceeds Rs. Rs. 5,0. 0,0. 00 1. Rs. 2,0. 0,0. 00 3. Where the total income exceeds Rs. Rs. 1. 0,0. 0,0. 00. Rs. 3. 0,0. 00 plus 2. Rs. 5,0. 0,0. 00. Where the total income exceeds Rs. Rs. 1,3. 0,0. 00 plus 3. Per cent of the amount by which the total income exceeds Rs. B. Rates of tax for every Individual, resident in India, who is of the age of sixty years or more but less than eighty years at any time during the financial year Sl. No. Total Income. Rate of tax. 1Where the total income does not exceed Rs. Nil. 2Where the total income exceeds  Rs. Rs. 5,0. 0,0. 00 1. Rs. 2,5. 0,0. 00 3. Where the total income exceeds Rs. Rs. 1. 0,0. 0,0. 00 Rs. Rs. 5,0. 0,0. 00. Where the total income exceeds Rs. Rs. 1,2. 5,0. 00 plus 3. Rs. 1. 0,0. 0,0. 00 C. In case of every individual being a resident in India, who is of the age of eighty years or more at any time during the financial year Sl. No. Total Income. Rate of tax. 1Where the total income does not exceed Rs. Nil. 2Where the total income exceeds  Rs. Rs. 1. 0,0. 0,0. 00 2. Rs. 5,0. 0,0. 00 4. Where the total income exceeds  Rs. Rs. 1,0. 0,0. 00 plus 3. Rs. 1. 0,0. 0,0. 00 2. Surcharge on Income tax The amount of income tax shall be increased by a surcharge 1. Income tax on payments to an individual taxpayer, if the  total income of the individual  exceeds Rs 1 crore during FY 2. AY 2. 01. 4 1. 5. However the amount of Surcharge shall not exceed the amount by which the individuals total income exceeds Rs 1 crore and if surcharge so arrived at, exceeds such amount assessees total income minus one crore then it will be restricted to the amount of total income minus Rupees one crore. Education Cess on Income tax The amount of income tax including the surcharge if any,  shall be increased by Education Cess on Income Tax at the rate of two percent of the income tax. Secondary and Higher Education Cess on Income tax An  additional  cess  is  chargeable  at  the  rate  of  one  percent  of  income tax  including  the surcharge if any,  but not including the Education Cess on income tax as in 2. SECTION 1. 92 OF THE INCOME TAX ACT, 1. BROAD SCHEME OF TAX DEDUCTION AT SOURCE FROM SALARIES 3. Method of Tax Calculation Every person who is responsible for paying any income chargeable under the head Salaries shall  deduct income tax  on  the estimated income of the assessee  under the head Salaries for the financial year 2. The income tax is required to be calculated on the basis of the rates  given above, subject to the  provisions related to requirement to furnish PAN as per sec 2. AA of the Act, and shall be deducted at the time of each payment. No tax, however, will be required to be deducted at source  in  any  case unless the  estimated salary income including the value of perquisites, for the financial year exceeds Rs. Rs. 2,5. 0,0. 00 or Rs. Some typical examples of computation of tax are given at Annexure I. Payment of Tax on Perquisites by Employer An option has been given to  the employer to pay the tax  on non monetary perquisites given to an employee. The employer  may, at its option, make  payment of the tax on such perquisites himself  without making any TDS from the salary of the  employee. However, the employer will have to pay the tax at the time when such tax  was  otherwise  deductible  i. Computation of Average Income Tax For the purpose  of  making  the  payment  of  tax mentioned in para 3. Illustration The income chargeable under the head salaries of an employee below sixty years of age for the year inclusive of all perquisites is Rs. Rs. 5. 0,0. 00 is on account of non monetary perquisites and  the employer opts to pay the tax on such perquisites as per the provisions discussed in para 3. STEPS Income Chargeable under the head Salariesinclusive of all perquisites. Rs.   4,5. 0,0. 00 Tax on Total Salary including CessRs. Average Rate of Tax 2. X 1. 005. 7. 2Tax payable on Rs. Rs.  2,8. 61 Amount required to be deposited each month. Rs.  2. 40 Rs. 2. The  tax  so paid  by  the  employer shall be deemed to be TDS made from the salary of the employee. Salary From More Than One Employer Section 1. It provides for deduction  of  tax at source by such employer as the tax payer may choose from the aggregate salary of the employee,  who is or has been in receipt of salary from more than one employer. The employee is now required to furnish to the presentchosen employer details of the income under the head Salaries due or received from the formerother employer and also tax deducted at source therefrom, in writing and duly verified by him and by the formerother employer. The presentchosen employer will be required to deduct tax at source on the aggregate amount of salary including salary received from the former or other employer. Relief When Salary Paid in Arrear or Advance 3. Under  section  1. A  where  the  assessee,  being  a  Government  servant  or  an employee  in  a company,  co operative  society,  local  authority,  university, institution, association or body is entitled to the relief under  Section 8. Para 3. 1, such particulars in  Form No. E duly verified by him,  and thereupon the person responsible, as aforesaid, shall  compute the relief on the basis of such  particulars and take the same into  account  in  making  the deduction  under Para3. Here University means  a  University  established  or  incorporated  by  or  under  a Central, State  or  Provincial  Act,  and  includes  an institution  declared  under  section 3 of the University Grants  Commission  Act, 1. University for the purposes of that Act. With effect from 10. AY 2. 01. 0 1. 1, no such relief shall be granted in respect of any amount received or receivable by an assessee on his voluntary retirement or termination of his service, in accordance with any scheme or schemes of voluntary retirement or in the case of a public sector company referred to in section 1. Ci read with Rule 2. BA, a scheme of voluntary separation, if an exemption in respect of any amount received or receivable on such voluntary retirement or termination of his service or voluntary separation has been claimed by the assessee under section 1.