Advance salary
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 December 2015
Dear Experts,
I am senior accountant , one of our employee's salary is below the exemption limit hence i was not deducting TDS however in december the company has given the Rs. 50000 advance salary to that employee therefore his salary been exceed the exemption limit, plzz let me know while deducting TDS should i consider the relief u/s 89(1) or not.............
Thanxx & Regard
Ankit Jain
I am senior accountant , one of our employee's salary is below the exemption limit hence i was not deducting TDS however in december the company has given the Rs. 50000 advance salary to that employee therefore his salary been exceed the exemption limit, plzz let me know while deducting TDS should i consider the relief u/s 89(1) or not.............
Thanxx & Regard
Ankit Jain
CMA Ramesh Krishnan
(Expert)
19 December 2015
Yes. you can consider the advance salary in the income and sec.89(1) relief
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