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Tds on salary

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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

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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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

Sanket (Expert)
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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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