Tds on salary 23
This query is : Resolved
Quick Summary
04 May 2023
Hello Sir
Please clear my doubt about tds on salary.... net salary is 430000 after all deduction like standard ded., home loan , lic etc. Please clearify tds deduct on 430000 or not. If not please clearify why.
Please clear my doubt about tds on salary.... net salary is 430000 after all deduction like standard ded., home loan , lic etc. Please clearify tds deduct on 430000 or not. If not please clearify why.
Gokul Sharma
(Expert)
04 May 2023
NOT REQUIRED TO DEDUCT AS WITHIN THE LIMIT...
04 May 2023
There is a rebate u/s 87A for resident individuals. Income up to 5 lakhs is effectively tax-free under the old tax regime.
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