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SALARY INCOME

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ca
218 Points Posted on 23 May 2020
Sir i have a manager in my hotel (small hotel) where i pay salary ₹22000 pm to the manager and i don't have any other persons except my cook (₹10000 pm) and helper (7000 pm) in my hotel weather my hotel. weather i have to deduct any tax from the manager or i can directly pay ₹22000 to him.? please advise me
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On 23 May 2020 at 12:25 Report
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online

Finance/Compliance Consultant
61401 Points Posted on 23 May 2020

Rs. 22,000 x 12 Months = Rs. Rs. 2,64,000/- 

 

It is exceeding IT Slab Limit so you need to deduct TDS on the salary paid to him. You can also ask him to provide for details of Insurance and Deductible Investments as eligible under IT Act.  

20 Reply
On 23 May 2020 at 13:25
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45 Points Posted on 23 May 2020
Not required to deduct tds because
22000×12= 264000
tax on such income will be Nil by taking into rebate u/s 87A
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On 23 May 2020 at 22:40
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CA-PRACTICE
400 Points Posted on 23 May 2020
Your not required to deduct Tds from salary, Upto 5 lakhs salary p.a as there is rebate u/s 87a upto 12500 tax amount.
3 Reply
On 23 May 2020 at 23:19
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Student CA IPC / IPCC
352 Points Posted on 23 May 2020
Rs 22000×12 month = 264000/-
it exced the limit.

But Your not required to deduct Tds from salary, Upto 5 lakhs salary p.a as there is rebate u/s 87a upto 12500 tax amount. 
2 Reply
On 23 May 2020 at 23:36
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Profession Business
28198 Points Posted on 24 May 2020
Suraj


whether you follow Sec 115BAC

OR

tax under old regime.
First decide that.
44 Reply
On 24 May 2020 at 10:20
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ca
218 Points Posted on 26 May 2020
Thank you for your reply and time..
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On 26 May 2020 at 13:51
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Accountant
99 Points Posted on 28 May 2020
You need to deduct professional tax as per state slab then make payment
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On 28 May 2020 at 20:21


CCI Pro

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