TDS u/s 192
sanjay jain (student) (37 Points)
12 October 2019so how
much TDS i should deduct u/s 192 ?
sanjay jain (student) (37 Points)
12 October 2019
Suresh Thiyagarajan
(Student)
(3986 Points)
Replied 12 October 2019
1. TDS will need to be deducted only for salary paid u/s 192.
2. Other incomes are not your responsibility. TDS should be deducted for Rs. 5,00,000.
Please correct me if the above solution has an alternative view.
sanjay jain
(student)
(37 Points)
Replied 12 October 2019
sabyasachi mukherjee
(27387 Points)
Replied 12 October 2019
Suresh Thiyagarajan
(Student)
(3986 Points)
Replied 12 October 2019
1. Yes, basic exemption limits and deduction if any available to the person should also be deducted.
2. For the FY 2019-20, the basic exemption limit is Rs. 250,000 but rebate is available up to Rs. 5,00,0000 if the persons' taxable income is below Rs. 500,000.
3. Refer relevant provision u/s 192 and sec 15 for the FY 2019-20 before deducting TDS.
Please correct me if the above solution has an alternative view.
Kapadia Pravin
(17259 Points)
Replied 17 October 2019
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