Tds


This query is : Resolved 

10 January 2014 tds on rent paid by an employee

10 January 2014 an individual is required to deduct TDs only if tax audit is applicable to him. so if the employee is paying rent he is not liable to deduct TDS.

as an employer, you need to consider this rent against calculation for exemption against HRA paid to him. In such a case his total tax liability should reduce and TDS deductible from salary shall reduce.


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