Tds deduction on salary
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 March 2015
In a Audit able Proprietorship ship Trading Unit for FY 2014-15..........
* How much salary in a Financial year is liable for TDS deduction by employer ?
* At what amount the TDS has to be deducted (weather the whole salary or the amount exceeds the Limit)
* At what rate ?
* Also in above firm what is the limit on which the TDS has to be deducted on office Rent paid ?
Thanks
* How much salary in a Financial year is liable for TDS deduction by employer ?
* At what amount the TDS has to be deducted (weather the whole salary or the amount exceeds the Limit)
* At what rate ?
* Also in above firm what is the limit on which the TDS has to be deducted on office Rent paid ?
Thanks
28 March 2015
1. Salary above 2,70,000 after allowing all allowable deduction is liable for TDS.
2. TDS to be effected on the amount exceeding the above limit.
3. At slab rate applicable.
4. TDS to be made at 10% on the whole rent if the yearly rent payment exceeds 1,80,000.
2. TDS to be effected on the amount exceeding the above limit.
3. At slab rate applicable.
4. TDS to be made at 10% on the whole rent if the yearly rent payment exceeds 1,80,000.
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
- CG Tax On residential property
- Post Office RD Interest
- Applicable TDS for Purchase of Flat from NRI
- Eway bill for machinery reparing
- Building and other construction workers welfare cess act 1996
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Bank Accounts in Balance Sheet for ITR 3
- Gift of mutual fund units to daughter
- NRI ITR2 account in 2025-26 ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.
- Form 10BD Filling
- Are Customised Caps the Smartest Way to Promote Your Brand?
- Capital gain of property recd from partnership firm
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
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
