Save Rs 499 on a 2-Year Ad-Free CAclubindia Pro Membership. Subscribe Now!

TDS on Salary

Others 294 views 5 replies

Aman Kumar

Accounts Executive

749 Points Posted on 09 January 2019

Actually I deduct TDS on salary
so I need to know ,
Gross salary - Standard deduction - 80 deduction
after that my taxable income is less than 3,50,000
so after tax calculate ,give Under 87 Rebate - 2500
So tax liability is nill ,so I need to deduct TDS on salary?

Replies (5)

Ruchika Somani

Coaching and Practice in Tax Audit Law

4429 Points Posted on 09 January 2019

Originally posted by : Aman Kumar
	Actually I deduct TDS on salary so I need to know ,Gross salary - Standard deduction - 80 deduction after that my taxable income is less than 3,50,000so after tax calculate ,give Under 87 Rebate - 2500So tax liability is nill ,so I need to deduct TDS on salary?

No.

Aman Kumar

Accounts Executive

749 Points Posted on 09 January 2019

In Case Gross Salary is more than 5 Lakh,but Less Standard Deduction & 80 deduction after that taxable amount is less than 3,50,000 ,so Rebate 87A applicable or Not?

Ruchika Somani

Coaching and Practice in Tax Audit Law

4429 Points Posted on 09 January 2019

Applicable

manoj

student

5205 Points Posted on 09 January 2019

87A will be applicable

v k s supraja

intermediate

216 Points Posted on 09 January 2019

In the present case,
There is no need to deduct TDS by employer as Total income does not exceed BEL and
Employee can claim 87A rebate as Total income after deductions is less than 3.5L