27 March 2017
If the limit of 180000 exceeds in January , whether the payee is liable to deduct tax for the entire amount or to the exceeding amount? for example if a person paying rent on monthly basis and on Jan, his total amount of rent paid reached 180000. and march it is 220000. Then whether Interest on TDS would also liable to pay on TDS amount or we need to pay only TDS amount ????