I'm a new startup of proprietorship firm (Registered Under Service Tax / GST) with turnover around 10 Lacs and want to know is TDS deduction applicable on my one & only employee?
Thanks for your reply. Can you please tell me the barrier of salary where single employee proprietorship firm (Registered Under Service Tax / GST) have to deduct TDS.
Thanks for your reply. I was actually discussing with someone and he told me that the barrier is of INR 2,50,000 for salary after that I need to deduct TDS. Is it so?
Looking for help, because I'm bit confused and don't want to face any penalties.
Thanks for your reply. What if I hire another employee with salary at INR 35,000 / per month then what are formalities/responsibilities I have to take as company and employee has to take?
21 June 2017
Then you have to deduct TDS.
For that you have to apply for TAN.
Deposit TDS deducted out of salary upto 7th of next month.
File TDS return upto 31 July, 31 Oct, 31 Jan & 31 May quarterly.
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