when TDS not deducted on salary

242 views 3 replies

Atthar raza

15 Points Joined November 2016

example:-

employee ka salary exemption limit se exceed ho raha hai therefore employer employees ka TDS deduct karega
kon sa deduction suitable hoga jiske karan uska TDS deduct na ho

Replies (3)

You may take the benefit of deductions u/s 80C upto Rs.150,000/- by investing in PF, ESIC, LIC premium etc.
Also from A.Y. 2019-20 standard deduction of Rs.40,000/- is available which does not require any sort of investment underneath.
There are several other options also available.

CA Sanjiv Kumar

3430 Points Joined January 2019

IF YOU HAVE FOLLOWING INVESTMENT.

Fixed deposit scheme for a period of minimum 5 years
Life insurance Premium paid
Interest earned through few of the National Savings Certificates are eligible for a certain amount of tax
Investment in mutual funds and equity shares, such as ULIP, Linked Saving Scheme of a Mutual Fund/UTI
Payments towards subscripttion for National Saving Certificates and Home Loan Account Scheme
Contribution to statutory PF, 15 years P.P.F.
any other also