TDS On salary paid to ATM Guard
Govind Raj K (1 Points)
16 April 2018
Does Salary paid to ATM guard attracts TDS ?
5 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(193888 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)
(86461 Points)
Replied 16 April 2018
Yes if salary exceeds basic exemption limit considering all other income.
CA Mayur Todmal
(Practicing CA)
(7756 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...!!!")
(128101 Points)
Replied 16 April 2018
Yes... I agreed to Mr CA MAYUR TODMAL.
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