SALARY AND TDS

This query is : Resolved 

05 February 2010 Whether an individual is required to obtain TAN and deduct TDS on payment of salary to his/her employees? Salary paid to each employee is Rs.5000/- p.m.There are only 2 employees.Business income of the employer is about 5 to 6 lacs per annum.



05 February 2010 In your case no tax deduction is required as you are paying salary @5000/= p.m. , which is below the exemption limit.

05 February 2010 No. not required to get TAN, employess are not coming taxable limit

05 February 2010 TAN is necessary when deductin of TDS is necessary. In your case employees salary is 60000/- p.a. so no TDS liability. So no TAN requirement


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