Salary breakup
This query is : Resolved
Naveen Kumar
(Querist)
18 July 2014
My queryis that we are running a Business(Trading of Electrical goods)Electrical Shop we are registered under PunjabVat Act2005 & Mantaining our books computerised which are audited by Chartted Accountanat & making our Balance Sheet & filling our I.Tax Returns .Only Two employess are working with us & we are paying them salary Rs.15000 to 16000(P.M) in cash.It is not liable for Tds But If We want to Pay More Amount Like 25000-30000per person .is it possible without deducting any tds.we have not any PF,ESI Registration.Can we pay Salary By Cheque Amt to Rs26000(PM) withouht deducting TDS Etc as per Calculated Under
Basic+Da+Hra+Conveyence Allowance+Medical Allowance Etc
E mail-nk96093@gmail.com
Basic+Da+Hra+Conveyence Allowance+Medical Allowance Etc
E mail-nk96093@gmail.com
Vishnu Saboo
(Expert)
19 July 2014
Salary mentioned by you is not subject to TDS as per income tax slab.
15000 x 12 = 180000
16000 x 12 = 192000
15000 x 12 = 180000
16000 x 12 = 192000
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