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Tds on salary if salary below 5 lakh

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Pawan Singhal

chartered accountant

655 Points Posted on 29 April 2021

if salary is below 5 lakh is required to be deducted by employer. and no other income of employee for Ay 2021-22.

Replies (4)

Quick Summary

For the Assessment Year 2021-22, employers are generally not required to deduct TDS on salaries if the employee's total income does not exceed ₹5 lakh. This is due to the rebate available under Section 87A of the Income Tax Act, 1961, which results in a nil tax liability for such individuals. Therefore, no TDS deduction applies in these cases.

CMA Poornima Madhava

CMA

13117 Points Posted on 29 April 2021

No TDS if the salary is below ₹5 lacs as one can avail rebate u/s 87A resulting in nil tax liability.

CA. Sourav Sarkar

Chartered Accountant

24588 Points Posted on 29 April 2021

No TDS will be deducted

Shrawan Kumar Yadav

Article assistant

33 Points Posted on 29 April 2021

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 .