Employers are required to deduct Tax Deducted at Source (TDS) on employee salaries when an individual employee's income falls within the taxable bracket. The deduction is based on the employee's specific salary and adherence to the relevant tax slabs. The total TDS amount is typically spread equally across the 12 months of the financial year. There are specific circumstances where employers may be exempt from this requirement, but it primarily hinges on the individual employee's taxable income.
26 June 2022
I would like to know when an employer needs to deduct TDS on employee salaries? Does it depend on how many employees there are or does it depend on the individual salary paid to an employee? When are employers exempt from TDS?
26 June 2022
it depends upon the individual salary if the employee covered in taxable income then employer should deduct the tds..
tax slab need to follow while deducting tds