There is only 1 employee in the company. Considering all investment proofs and exemptions, no TDS is deductible on salary. Do we still need to file it in Form 24Q.
Menu
TDS on Salary (below exemption limit)
Replies (3)
Not required
In case your estimated salary is not more than the basic exemption limit, TDS will not be deducted.
When is TDS Deducted under section 192
| Age | Minimum income |
|---|---|
| Resident in India below 60 years | Rs 2.5 lakh |
| Senior Citizens between 60 years and below 80 years | Rs 3 lakh |
Not applicable
Recent Threads
- Larification on Applicability of ESI, PF, and Grat
- GST RCM Liability on Royalty on Gujarat State
- Head of income for TDS u/s 194JB
- Property purchase value acquired before 2001
- Error in ITR3 - OS sheet.
- 57th GST Council Meeting: Rate Rationalization on
- Can I amend Bills of Gstr1 after filing for itc re
- REITS and which itr ?
- LONG TERM CAPITAL GAIN ON SALE OF listed SHARES
- AI Tools for Accounting
Related Threads
CAclubindia
