If i issue a cheque of Rs.25000 to sameone as a salary. can i deduct tds on it?
If i issue a cheque of Rs.25000 to sameone as a salary. can i deduct tds on it?
it depends on annual taxable salary of the employee.
If you issue chek in March then no tds required if it is issued in April then you may required!!
Thanks!!
to more about taxation of salary refer: /forum/salary-its-meaning-amp-how-to-calculate-tds-on-salary-easily-232338.asp
Thanks
CAclubindia
