TDS from employees.

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john (Querist)
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26 March 2010 when is the employer suppose to deduct TDS from their employees (employees are both on salary & wages bases)
it depends on no. of employees or payment plz highlight.

CA. Gurdeep Singh Chawla

CA. Gurdeep Singh Chawla (Expert)
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26 March 2010 depends upon the payment (when it exceeds above taxable limit)

G.Ramesh

G.Ramesh (Expert)
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26 March 2010 Agreed

john

john (Querist)
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26 March 2010 the overall payment during a F.Y. to the employees should not exceed the limit is it right?.
please specify how much is the limit,

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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26 March 2010 it is based on the payment and salary of the indivdual employee.the salary is less basic exemption after the all the exemption and deductions no need to deduct tds if exceed need to deduct

CA Ashok Kumar Sahu

CA Ashok Kumar Sahu (Expert)
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27 March 2010 basic exemption limit for men 160000 and women 190000 and also consider sec 80c deduction up to 1 lacs

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