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what is the threshold amount for TDS payment for salary and percentage
Replies (3)
Quick Summary
For TDS on salary you have to fulfill 3 conditions
1) Threshold limit is 250000/- , TDS deducted on average .
2) Employer and Employee relation
3) TDS must be deducted from Salary .
1) Threshold limit is 250000/- , TDS deducted on average .
2) Employer and Employee relation
3) TDS must be deducted from Salary .
There is no fix % of TDS on salary
You have to first calculate tax on such salary, then divide such tax with gross salary. This will be your % of tds of that particular salaried employee.
Then you can deduct such % while paying monthly salary.
You have to first calculate tax on such salary, then divide such tax with gross salary. This will be your % of tds of that particular salaried employee.
Then you can deduct such % while paying monthly salary.
Thank you very much
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