banner_ad

Threshold for TDS Deduction on Employee Salary

TDS 1422 views 2 replies

Hello,

Any guidance you could provide would be greatly appreciated.

For FY24-25, the threshold for no tax payable is Rs. 3,00,000. Some of our employees earn less than Rs. 7,00,000 annually. Does this mean that we, as the employer, should start deducting TDS since their annual salary exceeds the threshold, with employees claiming a refund using the rebate in their ITR? Or, should we refrain from deducting any TDS, as their salary is still under Rs. 7,00,000?

Thank you in advance for your clarification.

Replies (2)


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details