i am accountant in Pvt Ltd company. In the said company some salaried emloyees will cross taxable limit for F.Y.2016-17 and some are below taxable limit. So how company should deal with these employees in accordance with TDS. In TDS return for March ended 17 should I show only taxxable employees for whom company is going to deduct tax from salary. If an employee is above taxable limit but he provides valid proofs of elgible deductions thebn also we have t oshow this in TDS return because after showing deductions taxable income is NIL. What are other points to keep in mind while filling TDS return for Salary!
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Tds applicability
Replies (2)
The TDS return (24Q) is to be filed for only those employees, of whom you have deducted TDS.
Yes, only those entries should be shown in return on which tds liability arises. If after providing deductions ,etc. tds liability is nil then no need to show in return. You just need to keep proofs of deductions in your records so that if need arises then it can be shown.
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