LIVE GST Certification Course by CA Arun Chhajer begins 27th April. Register Now!!

How much salary we can give to a staff without any other treatment like tds and all

Vishal Joshi (28 Points)

12 December 2017

What are the provisions for salary giving to staff how much we can give salary to staff and can it be in cash ?

Reply
Follow
Share

4 Replies

Afran Sheru (15 Points)
Replied 12 December 2017

if you arer paying more than 250000 p.a. than u can give 20000 by cheque and remaining in cash

Rakesh Dubey (DY DIR) (99 Points)
Replied 12 December 2017

The lowest tax slab (Zero to 2.5 Lakh) has 0% tax rate (i.e. no tax is payable). Accordingly, 2.5L per annum can be without tds.

RAJA P M ("Do the Right Thing...!!!") (127167 Points)
Replied 12 December 2017

Yes.. I agreed to above said view...
Also ll be give some suggestions...

Cash dealing restricted Rs. 10000* in a day to a Person. The Salary is monthly based transactions so not advisable for above 10k cash...
In case it's weekly Wages then you can give 10k per week...

RAJA P M ("Do the Right Thing...!!!") (127167 Points)
Replied 12 December 2017

TDS is applicable salary above 2.5lakhs in current scenario. But, you can consider their deductions related documents like lip, mediclaim, Tuition Fee, Rent and all other VI A related activities...
Collect all the above details and Calculate Basic Ceiling limit ➕ (plus) Deductions...
The salary is exceeding as per above calculation then you can deduct TDS....