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)
Quick Summary
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
Recent Topics :
- TDS on property
- Company data for software
- Car purchase to be eligible for ITC
- GST Refund on payment to builder
- TDS u/s 194Q on electricity supply by DHBVN etc.
- Subject: Can I Apply for Fresh GST Registration on
- Additional place in GST RC
- Company 3 months old, INC-20A not filed, all 3 of
- How do I choose the Best GST Lawyers in New Delhi
- Loss on sale of residential flat after indexing al
Related Topics :
CAclubindia
