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TDS SALARY LIMIT
is there any salary limit to deduct tax .
Replies (6)
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 .
Sir TDS deduction is compulsory
Tds deducted as per income tax slab rate , depend on salary+deduction.
TDS deduction is compulsory for school and colleges?
If you paid salary across threshold limit of income tax you need Deduct Tds.
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.
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.
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