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SALARY AND TDS

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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.
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CA Vijay Kumar Gupta

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CA Vijay Kumar Gupta (Expert)
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.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
05 February 2010 No. not required to get TAN, employess are not coming taxable limit
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CA Prashant Gupta

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CA Prashant Gupta (Expert)
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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