T.d.s
This query is : Resolved
22 October 2013
what is salary limit above which tax is deducted from salary..?
and
what is remedy available to prevents employees from t.d.s..?
plz give me brief detail.
and
what is remedy available to prevents employees from t.d.s..?
plz give me brief detail.
22 October 2013
If salary income after giving effect to deductions under chapter VI and income from house property (if details provided to the the employer) and any other source of income declared to the employer, exceeds the basic exemption limit (Rs 2,00,000 for male and female below age of 60 years, Rs 2,50,000 for assessee more than 60 years but less than 80, Rs 5,00,000 in case of assessee above 80 years), TDs is the be deducted.
There is no remedy except for employee paying advance tax on his/her own.
There is no remedy except for employee paying advance tax on his/her own.
23 October 2013
tds on salary is computed based on savings of individual and salary earned by individual
.
.
TDS 192 IS CALUCLATED as per tax rates applicable to individual
.
.
total tax liability of salary individual is to be recovered from salary of individual by the employer and will deduct the same from salary of individual and credit to the credit of government account
.
.
TDS 192 IS CALUCLATED as per tax rates applicable to individual
.
.
total tax liability of salary individual is to be recovered from salary of individual by the employer and will deduct the same from salary of individual and credit to the credit of government account
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- TDS on Purchase of Immovable Property by NRI from NRI
- Capital gain from sale of house property
- Stamp Paper for partnership firm change new income tax 2025
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- SFT Cash Deposit in Current Account
- FORM 26A APPLICABILITY
- Value of property in capital gain
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
