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Tds on salaries

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 May 2015 sir could u tell me what are the conditions for deduction of tds on salary
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
30 May 2015 Every person who is responsible for paying any income chargeable under the head “Salaries” shall deduct income-tax monthly on the estimated income and savings of the assessee under the head “Salaries” for the financial year. Year end TDS be based on actuals.
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Querist : Anonymous

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Querist : Anonymous (Querist)
30 May 2015 if a employee has annual taxable income 240000 the employer has required to deduct tax
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
30 May 2015 It is below the basic exemption limit, no need to deduct any tax.
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Querist : Anonymous

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Querist : Anonymous (Querist)
30 May 2015 in practical situation if the employee has income from salary and income from other source and together (240000+300000=540000) now the employer is required to deduct tax...
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
30 May 2015 The employer is required to deduct tax considering only salary income.
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Rupesh Jain

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Rupesh Jain (Expert)
30 May 2015 you can deduct the tds on his income salary + any other income as employee declared.
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