if salary is below 5 lakh is required to be deducted by employer. and no other income of employee for Ay 2021-22.
Menu
Tds on salary if salary below 5 lakh
Replies (4)
No TDS if the salary is below ₹5 lacs as one can avail rebate u/s 87A resulting in nil tax liability.
No TDS will be deducted
Yes , No TDS under salary to be Deducted be employer if Total Income of employee not exceed Rs. 5 lakh as Sec. 87A of IT Act. 1961 would be attracted .
Not required.
Recent Threads
- Friendly loan to blood relative?
- Tds penalty for in operative pans
- TDS on Property- 26QB filing Doubt
- HSN code for Exempted supplies
- HSN Summary of Outward Supplies (Sales and Advance
- Joint Venture address proof under GST
- Leave encashment exemption limit
- Applicability of Section 194R of Income Tax Act.
- Need a CMA test series rec!
- GST Registration cancelled in 2022
Related Threads
CAclubindia
