Tds


This query is : Resolved 

(Querist)
31 January 2014 Directors salary 214000
LIC: 25000

IS TDS deductible on it or nt?
If deductible ,then under which head?

@VaibhavJ (Expert)
31 January 2014 Hi

No TDS is deductible if you are booking Salary u.s 192B

Thx

31 January 2014 since the gross total income comes below 200,000 after deducting 25,000 lic eligible for 80C deduction then no tds is deductible.

shah nehali (Querist)
05 February 2014 thank u....
bt if deductible then under which head?

@VaibhavJ (Expert)
05 February 2014 u.s 192 B only



Thanks..


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