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TDS SECTION 192

This query is : Resolved 

03 January 2020 DEAR SIR,
I PAID SALARY TO MY EMPLOYEE RS.10,000 PER MONTH. IN THIS SITUATION, DO I REQUIRE TO DEDUCT TDS BEFORE PAYMENT OF SALARY?

THANKING YOU

03 January 2020 This payment is within taxable limit of 2.50 lacs so no TDS applicable.

04 January 2020 No TDS required to be made if th gross salary paid per month is Rs.25,000 or Rs.3,00,000 per year as considering the standard deduction of RS.50,000 the taxable income shall be Rs.2,50,000 which is the maximum amount not chargeable to tax. So in the given case there would be no liability to make TDS unless the employee himself provides details of his other income and taking that into consideration the employee is liable to pay tax then the employer has to deduct tax and deposit the same to the credit of Central Government and also to file return of TDS.


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