Section 192
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 May 2013
if salary of an employee is below 200000, is employer required to deduct tds u/s 192 while paying him salary?
29 May 2013
dear sir
exempt limit as present Rs. 200000/-
then no tds to be deducted
exempt limit as present Rs. 200000/-
then no tds to be deducted
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29 May 2013
TDS deduction required only if taxable income after all the deduction is more than exemption limit. In the given case TDS deduction not required.
29 May 2013
No TDS should be deducted in your case as the salary is below the minimum taxable limit ie Rs 200000.
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