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Regarding TDS
What is the limit of the salary in which tds is not deducted at source.....
Replies (2)
For Salary TDS deduction, it will be applicable on the basis of relevant year Tax slab rates.
TDS not required to deduct below the Basic exemption limit of Rs. 2.5L
TDS on Salary is Governed by SECTION 192.
TDS is required to be deducted only if Income of Employee exceeds BASIC EXEMPTION LIMIT. i.e., 2.5 lacs / 3 lacs / 5 lacs as the case may be.
TDS is to be deducted @ Slab Rate.
Education Cess of 3% is applicable.
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