Menu
Salary payment
what is the threshold amount for TDS payment for salary and percentage
Replies (3)
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
Recent Threads
- Many of my clients who are bank employees received
- Missed filing for AY 2022-23. TDS refund possible
- Form 26QB: Assessment Year Based on Payment Date o
- Revision of Tax Audit
- IT Return 2023-24
- LUT for Companies Using EVC and Not DSC?
- UDIN Generation 44ADA
- Working with a CA as an NRI: Proper Income-tax e-F
- Taxation on ETF
- Gstr9 8f is used for 2023-24 reversal
Related Threads
CAclubindia
