This discussion clarifies the threshold for Tax Deducted at Source (TDS) on salaries. Generally, TDS becomes compulsory if an employee's estimated annual salary exceeds £250,000. The deduction is then applied from April onwards, calculated according to income tax slab rates and after considering any applicable deductions. This rule applies to all employers, including schools and colleges, when salary payments cross this limit.
Rs 250000/- per annum is limit to Deduct Tax at source . If your estimated salary crosses 250000/- in the F.Y then you have deduct tax source form April .
In Income tax no specific rate for TDS on salary, TDS is required when salary Income exceed 250000/- and after all deduction there is tax liability that amount will be deducted from his/her salary income.
Leave a Reply
Your are not logged in . Please login to post replies