Tds
Querist : Anonymous
as pee sec 192 tds is to be deducted on salary by an individual if in previous year he is liable to tax audit.
now my question is tds required to be deducted by an individual sole propriotor if he is liable to tax audit ON ACCOUNT OF SALARY PAID TO 3 STAFFS RS 4000 per month, rs 4500 pm and rs 15000 pm??
if yes , then how will these staffs claim credit as they are illeterate??
and in actuality does all shop owners/traders (with tax audit) deduct tds???
But in you present case where Salary amount are Rs 4000 pm, Rs 4500 pm and Rs 15000 pm are below the taxable exempt limit of Rs 2,00,000 so the trader should not deduct any TDS.
Querist : Anonymous
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