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TDS on Salary

This query is : Resolved 
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(Querist)
28 July 2020 I am proprietor paying salary to Mr.A Rs.372000.00 and Mr.B Rs.283000.00 in the FY 2019-20.

My question
(i) Should I have to deduct TDS or not?
(ii) what is the amount of TDS?

Please reply
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priya

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priya (Expert)
28 July 2020 One needs to deduct TDS, if salary after permissible deductions exceeds minimum amount chargeable for tax., that is 250000. Ask your employess if they have made investments in insurance premiums, medi claim, house property loan etc. If after deductions there salary exceeds 2,50,000/-, then you have to deduct TDS at average rate.
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seeta

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seeta (Querist)
28 July 2020 Employees has not made any investment
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priya

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priya (Expert)
28 July 2020 NO TDS Shall be deducted as Salary after deductions is under 500000/-
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
28 July 2020 No need to deduct income tax since taxable income is less than Rs. 5,00,000/- Please refer CBDT circular 4/2020 dated 16-01-2020.(example-1 ,page 49)
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