SALARY AND TDS

This query is : Resolved

NAVNEET PRAKASH (Querist)
Follow

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.

CA Vijay Kumar Gupta

CA Vijay Kumar Gupta (Expert)
Follow

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.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
Follow

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

CA Prashant Gupta

CA Prashant Gupta (Expert)
Follow

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

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

bhavesh

Srikanthan S

rana andcompany

Pranab Banerjee

Gurunathan kannan

Subscribe Now

SALARY AND TDS

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Accountant

Manager- Finance and Compliance

GST CONSULTANT

CA Final

GST CONSULTANCY

Senior Executive