IS SELF DECLARATION REQUIRED IF GROSS SALARY EXCEEDS MINIMUM EXEMPTION LIMIT
This query is : Resolved
24 February 2022
Dear Sir,
Two No employees of our concern earning salary INR 25000/- per month , i.e. total salary in F.Y. 2022-23 will be INR 300000/- which is exceeds minimum taxable limit INR 250000/- , but after considering 87A no tax will be payable. Is it required by company to take a self declaration from employees that no TDS will be deduct from their earning for F.Y. 2022-23.
Kindly reply
Two No employees of our concern earning salary INR 25000/- per month , i.e. total salary in F.Y. 2022-23 will be INR 300000/- which is exceeds minimum taxable limit INR 250000/- , but after considering 87A no tax will be payable. Is it required by company to take a self declaration from employees that no TDS will be deduct from their earning for F.Y. 2022-23.
Kindly reply
25 February 2022
No self declaration is required as TDS not applicable in this case.
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