Tds on salary
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 October 2013
if basic salary for f.y. 2013-14 p.m (16500x12=198000)+ CONVEYANCE ALLOW. (800x12=9600)
TOTAL SALARY = 207600/-
CAN TDS IS DEDUCTABLE WHILE 9600 IS EXAMPTED
TOTAL SALARY = 207600/-
CAN TDS IS DEDUCTABLE WHILE 9600 IS EXAMPTED
CMA Ramesh Krishnan
(Expert)
17 October 2013
Conveyance allowance Rs.800 per month is exempted. after that your salary Rs.198000/- . it is not exceeding the basic exemption limit, so there is no TDS apply
18 October 2013
If the net taxable income exceeds the basic exemption limit then it is require to deduct tds. In ur case taxable income is below exemption limit. Hence deduction of tax is not required.
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