TDS ON SALARY
This query is : Resolved
03 March 2020
Ay 20-21 salary is being paid @ Rs 35,000 per month from April 2019 to March 2020: Total Salary will arrive as at Rs 4,20,000 + One month bonus Rs 35,000 then total will arrive as at Rs 4,55,000. Whether in such case shall be taxable income ? Whether TDS will be applicable on total Rs 4,55,000 ?
03 March 2020
No.Tds is not applicable.Since income is below 5lacs,rebate is applicable .So Tds is not applicable
04 March 2020
No TDS is applicable as income is below 5 lac. Eligible for rebate
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