Tds
This query is : Resolved
10 February 2014
dear all;
i am employer; i have salary break up; basic, hra, special allowance;computer allowance; da, convyence allowance, other allowance
tell me on which parts of salary i deduct tds; n what is limit for zero deduction in salary n tell me is tds is deduct from partners salary
10 February 2014
Dear Employer-
You will have to deduct TDS on all these items after considering the respective benefits/exemptions available as per the IT Rules to the employee on account of HRA, Transportation Allowance Allowance and other allowances.
.
Employees may be told to file a declaration in respect of their other income and TDS deducted thereon, if any. The Limit is Rs 2.00 lac. You may consider this limit after considering the proofs of payments made by the employees U/s 80C and U/s 80D.
.
You will have to deduct TDS on all these items after considering the respective benefits/exemptions available as per the IT Rules to the employee on account of HRA, Transportation Allowance Allowance and other allowances.
.
Employees may be told to file a declaration in respect of their other income and TDS deducted thereon, if any. The Limit is Rs 2.00 lac. You may consider this limit after considering the proofs of payments made by the employees U/s 80C and U/s 80D.
.
10 February 2014
TDS is not required to be deducted on the salary of partner.
.
.
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
- CLOSING STOCK QUERY
- Exiting partner in partnership firm in gst portal
- Residential status of non resident
- NRI INSURANCE ADVISOR
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- Missed TDS
- IT returns for fresh job holders
- F&O reporting in ITR
- Query regarding reporting of exempt foreign remuneration in ITR
- Can a single LLP in India legally operate multiple unrelated businesses (Travel, Cloud Kitchen, Ecom
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
- GST ISD Query on various AMCs
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
