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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Tds on Salaries paid
Replies (5)
Quick Summary
Answer to both the question is No. not required.
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.Not compulsory, but I suggest that you will provide salary slip with details.
Not required in above case
Thank you my query is resolved
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