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TDS Issue..

Others 333 views 10 replies
TDS is deduct by employer of employee when the salary of employee is exceed the exemption limit
My querry is that the exemption limit for AY 20-21 is 2.5 lakh or 5 lakh?
Replies (10)

Up to 2.5  Lac  Income Tax is Nil , so  exemption limit  is  RS  250000/- .

OK thanks
My brother works in MNC and his salary is 30k/month but he didn't receive form 16 please explain why
Form 16 will be issued by MNC ( employer).
But they didn't issue
Follow up in writing .
OK thanks
In case of TDS on salary, TDS deduct only when Income of employee is taxable means after deducting all deductions and if additional deductions made employer should have proof of such deductions


As in FY 250000/- and 500000/- both slab are available as per old and new regime respectively...

You should Know about both scheme...

form 16 means TDS Certificate....
As it given when Co. deduct TDS...

TDS deduct only when Income is taxable after all deductions

@ Annu goyal 

1)    He is filing  ITR for  F.Y 2019-20  A.Y 2020-21  ,also  TDS  has been deducted as mentioned by the  quietest  and applicable for From 16     . Exemption limit  for F.Y  2019-20  was 250000/- . he has not mention about deductions 

 2)    OLD (250000/- )  & (500000) NEW slabs scheme   was   introduce  in Finance Act  2020 and  applicable for  F.Y 2020-21 A.Y  2021-2022  . 

Suppose employer is deducting TDS and don't issue form 16 then this TDS will autopopulate in 26AS OR not
@ Prasad Nilugal...
Ohh yes,
Actually AY written just above line in last I only saw 20-21 and both 2.5 /5 lakh...


Yes, For FY 2019-20 Exemption limit is 250000/-


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