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Tds deduction salary

19 August 2021

Sir i am running clinic for hearing & speech therapy my question is i am paying salary to my employees 55000+35000.In this shall i deduct tds or can i pay them without deduction of tds plz clarify

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5 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (160327 Points)
Replied 19 August 2021

If its paid every month, you need to deduct TDS and deposit it with treasury.

CA. Sourav Sarkar (Chartered Accountant ) (24578 Points)
Replied 19 August 2021

Yes TDS should be deducted

debora M (BUSINESS DEVELOPMENT MANAGER) (1697 Points)
Replied 19 August 2021

Section 192 of the Income Tax Act, 1961 deals with tax deducted at source (TDS) on salary. Your employer will deduct TDS from the salary payable to you.
...
When is TDS Deducted under section 192.

Age	Minimum income
Resident in India below 60 years	Rs 2.5 lakh
Senior Citizens between 60 years and below 80 years	Rs 3 lakh

Compute the available exemptions under Section 10 of the Income Tax Act (ITA) Subtract exemptions found in step (2) from the gross monthly income calculated in step (1) Multiply the number obtained from the above calculation by 12, as TDS is calculated on yearly income. This is your taxable income from salary.

The TDS deduction on salary can only be made at the time when actual payment is made. Also, it will be deducted when the employee's salaried income is taxable. However, if the pay is equal to or less than Rs. 2,50,000, then TDS on salary will not be deducted.