Tds on salaries

can u elobarate a little??

When we are paying bonus to employees of the organisation, should we deduct TDS on it, if their Total salary exceeds tax limit.

Yes, Tds is to be deducted . Please refer definition of Salary which includes Bonus also.

 

yes , u need to deduct tds on bonus. if both salary + bonus combined does not exceed exemption limit then u need not deduct tds

in ur case tds is applicable

Yes, Tds is to be deducted . Please refer definition of Salary which includes Bonus also.

 

Dear Satheesh Sec 192 states tax is to be deducted for payments that would be taxable under the head "salaries" Sec 17 defines salaries in a inclusive manner. Incentives n bonus, though not specifically covered in definition, are outcomes of employement hence, they r to be taxed under salaries. Since, they fall under the income salaries "tax is supppsed to be defucted"

Yes u need to deduct TDS on Bonus u/s 192