tds
This query is : Resolved
17 March 2018
dear experts, if an employee gets 2,90,000 per annum for the FY 2017-18, should employer be required to deduct TDS?. there is no investment declaration from the employee.
KAVIRAJA ADDANGADI
(Expert)
17 March 2018
NO, Upto Rs.250000/- Tax exemption is there addition additional rebate 2500 u/s 87a applicable taxable salary upto 350000/- so you will not come under Income tax bracket.
17 March 2018
sir but what if the employee has income from other sources but didn't give any declaration. is there any problem for the company in future.
KAVIRAJA ADDANGADI
(Expert)
17 March 2018
If you not furnished other sources of Income you have to pay tax declaring same in your return and pay applicable taxes if exceeds threshold limit
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