Tds on salary
This query is : Resolved
Rakesh Sharma
(Querist)
12 February 2016
Dear Experts,
Let met know please, if we (Pvt. Ltd. co.) shall pay salary to an employee 42,500/- per month
for the period from Jan-16 to March-16.
Should we deducted TDS on above salary or not.
Please clear & advise us.
Thanks
Let met know please, if we (Pvt. Ltd. co.) shall pay salary to an employee 42,500/- per month
for the period from Jan-16 to March-16.
Should we deducted TDS on above salary or not.
Please clear & advise us.
Thanks
13 February 2016
If the employee's one whole year salary exceeds the Basic exemption limit after deducting allowable deductions and tax to be paid him then it should be deducted by the Employer ( Being a specified person) as TDS from his salary and to be remitted to the central government within the due date..
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