Tds cut on stipend
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 June 2016
My two months stipend was rs 50000 ( 25000 per month). However rs 5700 has been deucted as TDS .
my in hand has only been rs 44300 . How can TDS be deucted since my income is only 50000 for this financial year.
my in hand has only been rs 44300 . How can TDS be deucted since my income is only 50000 for this financial year.
02 June 2016
in above Case TDS need not be deducted on Stipend , If Stipend Exceeds Above Taxable limit than TDS to be Deducted , Question of TDS not arise for Rs.50000/- Stipend For a Financial Year.
02 June 2016
if your income above exempt limit then tds will applicable.
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
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
