banner_ad

TDS on salary

This query is : Resolved 
Profile Image

Profile Image

(Querist)
10 March 2009 If the figure of taxable salary falls below 1,50,000/-( in case of Individual) due to charging fine from the employee,whether TDS is to be deducted on salary or not
Profile Image

HUZAIFA HUSSAIN

Profile Image

HUZAIFA HUSSAIN (Expert)
10 March 2009 TDS NEEDS TO BE DEDUCTED FROM GROSS SALARY MINUS ALLOWABLE DEDUCTIONS AS PER I-TAX ACT & PROVISIONS THEREIN. IF SUCH CALCULATION EXCEEDS RS.1.50 LAKHS PER ANNUM THAN TDS HAS TO BE DEDUCTED. FINE IS NOT AN ALLOWABLE DEDUCTION
Profile Image

CA Nitin Wadhwani

Profile Image

CA Nitin Wadhwani (Expert)
10 March 2009 If fine amt is reduced from the basic salary itself, then yes no TDS.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI
ChatGPT Perplexity Claude Google AI Grok

CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details