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)
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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