Can Anybody Tell Me The Tds Cut On 1,10,000pm And 1,35,000pm. Salary Slip Breakup Would Be Appreciate

Rohit0001
I need help in calculating tds on ctc for Rs1,00,000/pm and 135000/pm.
If I could get the entire salary distribution along with tds deductions it would help. My accounts team at work currently says that my deduction (including tds +PF@780 +PT@200) comes to around 16,000 pm. Please suggest if this is right.Thanks
fc.vadodara@nidrahotels.com
Please give the deduction details so as to work appropriately, there are income tax calculator available, wherein you can punch in the details and work out the TDS. Please find enclosed for your kind perusal
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Rohit0001
The statutory deductions that apply are
PF@780/month
PT@300/month
I can claim HRA as I am living in my parents house and they are senior citizens with no yearly earnings.
Also I will be investing around 1lac this year in a 5yr Fixed Deposit to avail tax deduction under 80C
Please suggest how best can I break a CTC of Rs1,25,000 + 10,000(variable avg per month)= Rs 1,35,000 pm
Thanks
fc.vadodara@nidrahotels.com
In your earlier post you have written your PT as 200/- p.m. but later it is shown as 300/- p.m.
Secondly for HRA you have to inform the Basic Salary, also are you staying in Metro City or not.
In my earlier post I have send you the Tax Calculator, kindly punch in the existing Salary Structure to know the TDS amount, later you can change the Deductions as per your desire and workout new TDS, the earning is Fixed by your Company so you cannot change the structure. Most of the Companies prefer less burden of TDS on their employees.
If you still require help kindly forward the Salary Breakup to guide you further
anil21_22gupta
Hi Rohit,
Here is one of the break-up of the 125000+10000 that you can use for maximum take home salary:
Take home India 1.07 Lakh, CTC 16.19 Lakh, Year 2014 - AM22 Salary Calculator India
You can also use following suggestions to increase your take home with the above break up:
- You can invest Rs. 40640 more to take the full advantage of tax free investment to lower your taxes.
This will increase your monthly in-hand salary by Rs. 1141
- Pay monthly home rent of upto Rs. 45000 and reduce your yearly tax by Rs. 138560. It will also increase your monthly in-hand by Rs. 11546.
- If you can provide the yearly medical bills of Rs. 15000 , You can save tax upto Rs. 4635 and increase your monthly in-hand by Rs. 421.
Let me know if you need more information.
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