Staff salary expense of professional service provider

429 views
User Avatar

Others
22 Points Posted on 13 July 2015

Hi,

I provide professional services in the field of Software design from which I earn approx 1 Lac per month and I have employed staff whom I pay INR 20000 pm.
I understand that I can show this as an expense in ITR-4. My question - is it mandatory to deduct TDS and issue form-16? If yes, what do formalities are required?
Currently, I have PAN and Service tax number only.

Thanks,
Saurabh Jain

0 Reply Share Follow Topic
On 13 July 2015 at 08:49 Report
Replies (1)
User Avatar

Senior Assistant
365 Points Posted on 13 July 2015
The obligation to deduct TDS on employer arises when he is paying employees salary which exceeds the basic exemption limit (currently ₹.2,50,000). As you are paying him monthly ₹.20,000 which is ₹.2,40,000 pa. and as it is less than basic exemption limit you need not deduct tax on salary or issue Form 16. Hope this clears your doubt.
1 Reply
On 13 July 2015 at 09:11

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. “Income Tax Implications of Company-Related
  2. Advice needed: Hypothetical case of non-filing of
  3. Demand Raised for Cess Amount Despite Section 89 R
  4. WRONG BILL NO FILED IN GST R1
  5. Addtional trade name for my another firm
  6. Commission / Agency Business without books: REAL E
  7. Difference between AIS and 26AS data.
  8. Applicability of FCRA to Article Processing Fees (
  9. GST Return
  10. Practical queries on buy back of shares

More recent discussions | Post

Related Topics :

Loading

Latest Job Openings

View all
Company
30 September 2026
Senior Accountant

Codeboard Technology

Chennai

B.Com

View Details
Company
ARTICLESHIP 30 September 2026
CA Article Assistant

CA Suraj Garg & Associates

New Delhi

CA Final

View Details
Company
07 October 2026
Senior Account Manager

Amplio Invest

Mumbai

M.Com

View Details
Company
14 October 2026
GST & TDS ASSISTANT

AGGARWAL SANJAY & ASSOCIATES

New Delhi

B.Com

View Details
Company
ARTICLESHIP 07 October 2026
Article Assistant

Malhotra Rajesh & Associates

New Delhi

B.Com

View Details
Company
12 October 2026
AUDIT , ACCOUNTS AND TAXATION

KDSS

New Delhi

B.Com

View Details
Company
ARTICLESHIP 28 October 2026
Article assistants

Shyam S Gupta and Company

New Delhi

CA Inter

View Details
Company
Featured 27 October 2026
semi-qualified CA

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Final

View Details