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Salary breakup

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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
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Vishnu Saboo

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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
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