Salary details in tds return

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This query is : Resolved

Rakesh Sharma (Querist)

11 February 2017 Respected Experts,

We are manufacturing & Pvt. Ltd. unit and having turnover around 20 Cr.
Should we show the below details in TDS Return (24Q) :-
- Gross Salary is above Rs. 2.5 Lacs but net salary is below Rs. 2.5 Lacs.-

Is there any compliance to collect copy of PAN of employee whose Gross Salary is above Rs. 2.5 Lacs?

Regards,

Rakesh Sharma

C.A. Mayur J. Raiyani

C.A. Mayur J. Raiyani (Expert)

11 February 2017 as far as liability of TDS is concerned, if you are required to deduct TDS then and only the same is req. to be reported in TDS return.
For other compliance,
1. if salary is > 1.5 lakh = issue Form 12BA and collect mentioned proof in form from Employee + Form 16
2. if salary is < 1.5 lakh = Form 16
apart from this Form 12BB is required to be maintained by Employer if particulars of Form is attracted

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