Tds
This query is : Resolved
15 October 2011
dear experts
please guide me
if i pay salary 150000 to a employee & his other income is 200000
is it compulsory for me to deduct tds from his salary + other income
the employee asked me not to deduct tds
thanking you
please guide me
if i pay salary 150000 to a employee & his other income is 200000
is it compulsory for me to deduct tds from his salary + other income
the employee asked me not to deduct tds
thanking you
15 October 2011
IF SALARY INCOME AND OTHER INCOME MORE THAN MINIMUM EXEMPTION SLAB THEN EMPLOYER REQUIRED TO DEDUCT TDS U/S 192 SUBJECT TO THAT EMPLOYEE DISCLOSED TO THE EMPLOYER PARTICULARS ABOUT OTHER INCOME
15 October 2011
If the employee declares the other income also to the employer then need to deduct the TDS including other income. if not declares you deduct only on salary income
16 October 2011
thank experts for guide me
16 October 2011
It is not compulsory to deduct TDS of an employee other than his/her salary. When he filing ITR he should pay tax if payable.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- SEC 54 OF IT ACT
- Form 26QB for TDS on property
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Is Aadhar PAN linking required for opening bank account?
- Where to show the RCM on Rent paid to unregistered landlord
- Payable outstanding for years disallowance
- RCM - commercial rent paid to URP under GST
- Offsetting interest income against derivative trading losses
- DTCP approval
- BLOCKED-INELIGIBLE GST CREDIT
- Regarding Form 15CA & CB
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
- Regarding einvoice taken on nil rated sales
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
