REGARDING TDS DEDUCTION ON SALARY

This query is : Open

Quick Summary

If salary exceeds exemption limit but final tax liability is nil after deductions and rebate, no TDS is required. However, employer must still report such salary details in Form 24Q even if no tax is deducted or challan is paid.

Suresh S. Tejwani

Suresh S. Tejwani (Querist)
Follow

05 May 2026 “If an employee’s salary exceeds the basic exemption limit but results in zero tax liability after considering deductions and rebates, is TDS deduction required? Also, should such salary be reported in the employer’s TDS return (Form 24Q)?
For Example : RS.480000 Annual Salary then it should be reported in TDS return filed by employer?

Aashok Kumar Sharma online

Aashok Kumar Sharma online

(Expert)
Follow

05 May 2026 * TDS deduction is NOT required if final tax liability is NIL
* However, salary must still be reported in Form 24Q by the employer

Suresh S. Tejwani

Suresh S. Tejwani (Querist)
Follow

05 May 2026 what if any employee salary not liable to TDS and we have not paid any challan under section 192 ?
how such salary reported in form 24Q TDS return filed by employer?

Aashok Kumar Sharma online

Aashok Kumar Sharma online

(Expert)
Follow

05 May 2026 TDS Deduction: Not required if the final tax liability is NIL.
Reporting: Mandatory to report such salary details in Form 24Q if the gross salary exceeds the basic exemption limit.
Example Case: A salary of ₹4.8 Lakhs must be reported in the employer's TDS return.

Reporting Mechanism: In cases where no tax was deducted and no challan was paid under Section 192, these details are typically reported in Annexure II (the salary detail statement) of the Form 24Q for the fourth quarter (Q4).
Scope of Reporting: This ensures that the Income Tax Department has a record of the total salary paid and the reason (deductions/rebates) why no tax was withheld.

Suresh S. Tejwani

Suresh S. Tejwani (Querist)
Follow

05 May 2026 If we not file ANNEXURE II for reporting of tds on salary exceeds basic exemption limit with zero tax liability after rebate
then Any penalty interest Arise on this reporting?

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

FCA. LAL BAHADUR SHASTRY GUBBA

vijai gupta

Sandeep Ranjan

SANJAY GOSALIA

Rishi Jain

Subscribe Now

REGARDING TDS DEDUCTION ON SALARY

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Manager- Finance and Compliance

Accountant

GST CONSULTANCY

Senior Executive

CA Final

GST CONSULTANT