Tds applicable or not ?
This query is : Resolved
14 December 2011
Hi Dear Frnds,
In Private Limited Company our Sales Statt's are getting Salary morethan 15,000/-PM. apart from this they are getting monthly basis Mobile & fuel allowences. My query is wheather TDS is applicable or not for above this Staff's. Please suggest me.
In Private Limited Company our Sales Statt's are getting Salary morethan 15,000/-PM. apart from this they are getting monthly basis Mobile & fuel allowences. My query is wheather TDS is applicable or not for above this Staff's. Please suggest me.
14 December 2011
If their taxable salary exceeds 180000/- than you are required to deduct TDS. In respect of Mobile and fuel exp if it is in the nature of Allowance than it is to be added to taxable salary. however if it is in the nature of reimbursement of expenses done on behalf of company it should not be taken into account while computing taxable salary.
Message likes :
1 times
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
- ITDS U/S.194T of Firm
- Difference between Date of Payment and Date of Deduction?
- Unregistered suppliers utility
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- Non-Compliance documents have not been submitted by the contractors debited
- Invertaded duty struture
- FCRA 6 E- Intimation
- GST Rate for Catering Services
- EXPORT COMMERCIAL INVOICE HSN CODE
- Same demand raised for original as well as rectification request return
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
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
