banner_ad

Salary breakup

This query is : Resolved 
Profile Image

Profile Image

(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
Profile Image

Vishnu Saboo

Profile Image

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


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
07 May 2026
CA Assistant

amit desai and co

Mumbai

CA Final

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details
Company
06 May 2026
Account Assistant / Article Clerk

V.K. Ranjan & Co(Chartered Accountants)

New Delhi

B.Com

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
08 May 2026
Paid Assistants

Quick Taxperts Private Limited

Bengaluru

Graduate (Any)

View Details
Company
09 May 2026
Audit Manager

Kanna and Associates

Coimbatore

CA Inter

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details