Tds on salary

This query is : Resolved

seeta (Querist)
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26 February 2019 Mr X is proprietor and Paid salary for the FY 2018-19 to Mr R Rs.324000.00 (27000 X 12) and Mr R having no investment.

My question is
1. Should I have to deduct the tds and file return.

Please reply.

gaurav

gaurav (Expert)
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26 February 2019 Yes, you have to deduct TDS u/s 92 amounting of Rs. 308 every month and also need to deposit TDS
Income Tax Slab Rates for Financial Year 2018-19.
Income up to Rs. 2,50,000 Nil
Income between Rs. 2,50,001 - Rs. 500,000 5% of Income exceeding Rs. 2,50,000
324000 -250000 = 74000 5% of Tax 3700 / 12 = 308
for further query 99903 + 63345

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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26 February 2019 Certain allowances salary component is exempt u/s 10, also standard deduction 40000/- applicable, also claim rebate 2500/- taxable Salary below 350000/-,

Above salary is below threshold limit TDS not Applicable