Menu
TDS on salary
i m paying 25000 monthly salary to x. am. I suppose to deduct TDS on the Said amount yearly total payment 300,000
Replies (5)
No TDS is require to be deducted under section 192 for AY 2020-2021.
TDS is to be deducted on estimated amount of taxable income of employee.
In your case, no income tax liability arises. So no TDS is to be deducted.
Regards
In your case, no income tax liability arises. So no TDS is to be deducted.
Regards
On yearly payment of 3 lakhs, employee gets standard deduction of 50000/- So income falls to 250000/- and hence no TDS on salary.
Not needed. If employee does not provide PAN / Aadhar No. then TDS @ 20.80%
There is no need to deduct tax.
Recent Topic
- CGAS account Holder Deceased
- ITR form suggestion
- Post office KVP income.
- Free GST invoice tool I built for my practice R
- Clarification on Gratuity Exemption under Section
- GOODS AND SERVICE TAX - GSTR 1
- Correct ITR form
- Clarification required on Section 393 & Report
- Professional advance taxes
- Surrender pan process
Related Topics
CAclubindia
