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Tds on Salaries paid

TDS 234 views 5 replies
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23 Points Joined August 2020

I have a small sole proprietorship firm, and I have taken 4 new employees, i have 2 question

1. Do i have to cut tds on their salary (salary is less than 2.5L per year)

2. Do i have to split salary into basic hra etc? And provide salary slip?

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On 01 July 2022 at 16:21 Report
Replies (5)
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CA
682 Points Joined April 2012

Answer to both the question is No. not required.

 

3 Reply
On 01 July 2022 at 16:23
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Chartered Accountant
86505 Points Joined April 2011
1. No need to deduct TDS if salary is below taxable limit
2.Not compulsory, but I suggest that you will provide salary slip with details.
2 Reply
On 01 July 2022 at 21:08
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729 Points Joined December 2021
Not required in above case
1 Reply
On 01 July 2022 at 22:37
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23 Points Joined August 2020

Thank you my query is resolved

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On 01 July 2022 at 22:43
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Chartered Accountant
86505 Points Joined April 2011
Welcome Dear
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On 01 July 2022 at 22:56

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