Regarding TDS
Suresh Mandhyan (2 Points)
13 May 2017
What is the limit of the salary in which tds is not deducted at source.....
2 Replies
Mahesh Babu
(CA Final)
(618 Points)
Replied 13 May 2017
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
S.K.Jha
(student)
(265 Points)
Replied 13 May 2017
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.
Recent Topics
- Tax Treatment of Consideration Received Under Irre
- ITC on Car loan processing charges
- Documentation to Substantiate Foreign Travel as Bu
- Deficiency Letter
- DRC 01 along with SCN not received
- GSTR 7 amendment
- Change Reason For Challan in already paid chalan
- The Future of Tax Filing: How Automation and AI Ar
- Andromeda Aagents income
- GST RFD 01
Related Threads
CAclubindia
