TDS

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seeta (Querist)
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31 March 2020 I have paid Rs.390000/- as salary to A for the FY 2019-20?
My questions is
(1) should it require to deduct the TDS
(2) should I require to file.TDS return

CA ARPIT BANGA

CA ARPIT BANGA (Expert)
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31 March 2020 you have to take decleration from the employee and if employee has income less than 5 lakh, employee is exempt from tax and no need to deduct tds on the same.

c.bakshi

c.bakshi (Expert)
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01 April 2020 It depends whether you are individual or non-individual, if you are individual and your books are not eligible to audit then No need to deduct TDS. for non-individual, e.g. Firm or Company, it is the responsibility to deduct the TDS at average rate of TAX. as far as present Income tax slab is concerned, i fully agreed with Mr. Arpit

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