TDS ON SALARY

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This discussion clarifies that anyone paying taxable salary, including non-auditable individuals, is legally required to deduct Tax Deducted at Source (TDS). TDS must be calculated as per Income Tax rules, specifically Section 192, once the employee's total salary income exceeds the maximum amount not chargeable to tax. This applies regardless of whether the payer is subject to audit, and TDS returns must be filed even if no tax is ultimately deducted due to allowances and rebates.

kazimohmad masaud

kazimohmad masaud (Querist)

05 May 2020 Hello,
I have a question regarding TDS on Salary.
Can Non-Auditable Individual deduct TDS on Salary ?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

05 May 2020 Yes, it's required by anyone including non auditable individual who pays taxable salary.

Aashok Kumar Sharma online

Aashok Kumar Sharma

(Expert)

05 May 2020 TDS needs to be deducted as per Income Tax regardless of whether the deductor is required audit or not.

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)

05 May 2020 Yes tds need to be deducted if exceeds taxable income u/s 192

PARAS CHHAJED

PARAS CHHAJED

(Expert)

06 May 2020 Where the total income form salary i.e after reduction of standard deduction, professional tax and exempt allowances exceeds maximum amount not chargeable to tax i.e Rs.2,50,000 for age upo 60 years, Rs.3,00,000 for age more than 60 years Tax has to be deducted after allowing deduction under chapter VIA, rebate u/s 87A if applicable. TDS return has also to be filed in such cases where the salary income exceeds maximum amount not chargeable to tax even if there is no TDS because of deductions and rebate.

Aashok Kumar Sharma online

Aashok Kumar Sharma

(Expert)

21 May 2020 TDS needs to be deducted as per Income Tax regardless of whether the deductor is required audit or not.

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