CCI Online Learning
What do you want to learn today?


Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

TDS Deduction on Employee Salary

Hello everyone,

I pay salary to some employees under my proprietorship (IT services only business) and get the audit done. But is it required for me to deduct TDS on salary of employees for whom salary is below INR 5,00,000 per financial year?

Looking for your help. Thanks

No you are not required to deduct TDS on salary below Rs. 5,00,000/- but take declaration from employee regarding other incomes.

Dear Harshit Ji,

Thanks for answering. So if their other income is above 5 Lacs including FD interest, etc. then am I liable? In what format I should get this declaration?


Bajaj Finserv

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Trending Tags

Daily Latest Updates in your Mail Inbox