TDS On salary paid to ATM Guard
Govind Raj K (1 Points)
16 April 2018
Does Salary paid to ATM guard attracts TDS ?
Govind Raj K (1 Points)
16 April 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160317 Points)
Replied 16 April 2018
Salary paid to any of your employee, be it ATM Guard, is liable for TDS u/s. 192 of IT act. (provided exceed BEL)
CA Rashmi Gandhi
(Chartered Accountant)
(86220 Points)
Replied 16 April 2018
CA Mayur Todmal
(Practicing CA)
(7645 Points)
Replied 16 April 2018
Genrally there are 2 ways (most of the time) of paying salary to security guard.
one is security guard is on your payroll , in such case tds 192 attracts if taxable salary exceeds basic exemption limit.
Second is security guard is on the payroll of third person i.e. security agency ( this scenario can be seen in most of the company where sec guard is provided by agency), in such case payment to agency attract tds u/s 194C subject to threshold limits
RAJA P M
("Do the Right Thing...!!!")
(127006 Points)
Replied 16 April 2018
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