tds
This query is : Resolved
17 March 2018
dear experts, if an employee gets 2,90,000 per annum for the FY 2017-18, should employer be required to deduct TDS?. there is no investment declaration from the employee.
17 March 2018
NO, Upto Rs.250000/- Tax exemption is there addition additional rebate 2500 u/s 87a applicable taxable salary upto 350000/- so you will not come under Income tax bracket.
17 March 2018
sir but what if the employee has income from other sources but didn't give any declaration. is there any problem for the company in future.
17 March 2018
If you not furnished other sources of Income you have to pay tax declaring same in your return and pay applicable taxes if exceeds threshold limit
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
- TDS DEMAND.
- TDS-Fixed assets
- 139(4) for ITR-5- audit
- Joint Account Closure
- RCM PAID ON RENT IN RESTAURANT BUSINESS @ GST RATE 5%
- Registartion of trust
- TDS can We Adjust 194C Amount to 194J
- Mentioned xyz as employer name instead of xyz LLC in ITR
- NATURE OF PENALTY AND INTEREST UNDER TAXATION
- Reversal of unutilized ITC can be paid through ITC
Trending Online Classes
-
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Industry Expert14 February 2025 -
Survey, Search and Seizure under Income Tax Act 1961
CA Hari Agarwal
CAclubindia
