05 February 2010
Whether an individual is required to obtain TAN and deduct TDS on payment of salary to his/her employees? Salary paid to each employee is Rs.5000/- p.m.There are only 2 employees.Business income of the employer is about 5 to 6 lacs per annum.
05 February 2010
TAN is necessary when deductin of TDS is necessary. In your case employees salary is 60000/- p.a. so no TDS liability. So no TAN requirement
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