Dear Sir,
if salary given by imps or neft or cheque,
than tds liability arise after 250000
but my question is gross total income upto 250000 or salary credited in bank account is 250000
250000 salary celling is before standard deduction of 50000 or after standard deduction u/s 16
Thanks
Dr. Ajay Jajodia
Menu
Tds liability in casevof salary
Replies (3)
If after std deduction salary amount is less than 5L then no tds is required to be deducted.
In your case TDS won't be applicable as you are saying total salary is below 2.5 Lakhs.
The ceiling limit is after reducing standard deduction, any other deduction for investment (80C,80D etc.) and after taking into account the rebate u/s 87A
Related Topics
CAclubindia
