How to work out TDS on stipend?

gross total incom=1000000/-
basic=400000
HRA= 200000
other= 300000
medi:reb:=15000
transport: 9600
edu: =50000
uniform=25000
investment
PF=48000
insurance=40000
NSC=35000
house rent 25000.
pls sustain me how to subtract my tds as detailed!

Answers:
In crux: Calculate you TAX as you would own done contained by the mundane course. The amount you will win as TAX will be the amount your employer will reduce by. Simple ! !


Further, here is a specific circular issued by the Income Tax Department on this topic. Download indistinguishable from here:

http://law.incometaxindia.gov.

This will dispense you detailed procedure for computation of TDS on take-home pay.

Deepak Bholusaria
CA
go to G00GLE - type income duty + stipend + duty. It give profusely infos & table
First Calculate your annual income.

totalling for TDS : (F.Y 2007-2008) for Ladies :
Total Tax for the year :
1,45,000 - nil
145001 to 150000 - 10 %
150001 to 250000 - 20%
250001 to 300000 - 30%
your total import tax liability will be Rs.
average for matching i.e Tax/12
will be your monthly TDS from Salary.

You can add your annual Tax liability from this most
importat interconnect :

http://taxcalc.ynithya.com/taxcalc_2008.

otherwise plz contact on my e-mail.

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