Form 15G/15H

160 views
User Avatar

15 Points Posted on 24 February 2020
my friend working in govt college as contact lecturer
his monthly sal 25k
he doesn't want to deduct TDS from his salary
so
form 15G is applicable or not to submit to escape from TDS
he doesn't have any exemptions.
pls give info
0 Reply Share Follow
On 24 February 2020 at 13:13 Report
Replies (2)
Quick Summary
This discussion clarifies whether Form 15G can be used to avoid TDS deductions on salary. It explains that Form 15G is not applicable for salary income. However, if your annual salary is below the taxable limit (currently ₹2.5 lakhs for TDS purposes, or ₹5 lakhs under certain older tax regimes), TDS will not be deducted anyway, making Form 15G unnecessary for this purpose.

User Avatar

Manger Accounts & Finance
363 Points Posted on 24 February 2020
Form 15 G not applicable in case of salary.

If his salary 25000 than its below the tax limit i.e. 500000 than TDS not applicable.
1 Reply
On 24 February 2020 at 14:43
User Avatar

15 Points Posted on 25 February 2020
Salary tds limit 2.5L so tds applicable or not?
or
2019-20 up to 5L there no incometax
so tds applicable or not up to 5L
Reply
On 25 February 2020 at 12:50

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. GST Reconciliation Tool (2A vs Books) - looking fo
  2. TDS ON PF FORM 19 WITHDRAWAL
  3. Can a virtual office in Mumbai be used for company
  4. Eway and e invoicing in condition where 4 party ar
  5. Bank balance in ITR-3
  6. INCLUDING PROFITS FROM REIT / INVIT IN SHARE TRADI
  7. Tempsens Instruments IPO GMP Allotment Listing dat
  8. Upload Type - Correction. Not showing in TDS filli
  9. Partnership tax audit query
  10. ERROR SHOWING PARTNER REMUNERATION ITR 3 TIME OF V

More recent discussions | Post

Related Topics :

Loading