Tds on salary 23


This query is : Resolved 

Quick Summary
This discussion clarifies whether TDS (Tax Deducted at Source) applies to a net salary of £430,000 after deductions. The key point is that income up to £5 lakh is effectively tax-free under the old tax regime due to a rebate under Section 87A for resident individuals, meaning TDS is not deducted in this scenario.

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.

04 May 2023 NOT REQUIRED TO DEDUCT AS WITHIN THE LIMIT...

04 May 2023 but sir we come to income tax slab rate .. why not deduct the tds

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.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
ARTICLESHIP 04 September 2026
Accounts Executive

Hema Yashwanth & Associates

Chennai

B.Com

View Details
Company
18 August 2026
Audit Assistant - Remote / Work From Home

CA ANOOP P K & ASSOCIATES

Kozhikode

CA Inter

View Details
Company
ARTICLESHIP 29 August 2026
Article Assistant

RRPM & ASSOCIATES LLP

Chennai

CA Inter

View Details
Company
Featured 12 September 2026
Assistant Manager - Finance & Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
ARTICLESHIP 17 August 2026
Article Assistant

Jain Ankit and Co

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 07 September 2026
CA Articles

Kothari Jain Patil & Chartered Accountants

Pune

CA Inter

View Details
Company
18 August 2026
CA Semi Qualifies

Goyanka and Associates

New Delhi

CA Inter

View Details
Company
09 September 2026
Chartered Accountant

Aviv Global Private Limited

Ahmedabad

CA

View Details