TDS for Salary

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Querist : Anonymous

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Querist : Anonymous (Querist)
01 March 2011 We are a Partnership Firm, Please Suggest us that can we deduct TDS for this employee Mr. Somnath Ghosh :

Financial Year 2010-11
Salary (April to january,11) Rs. 1,53,466.00
bonus Rs. 15,000
Deducted P.F(April to january,11)9208.00
Deducted P.Tax(April to january,11)1240.00
ADDITIONAL Salary (Feb to March,11) 31,000.00
Deductable P.F(Feb to march,11)1,860.00
Deductable P.Tax (Feb to march,11)260.00

He(Somnath ghosh) already given us (dated 31/12/2010) Xerox Copy of NSC(Nation Saving Certificate) Rs. 35,000.00 for this Financial Year


So please suggest us immediately Can We deduct TDS to Somnath Ghosh

01 March 2011 no need of TDS as his taxable income after 80C Deduction for PF & NSC will not exceed Rs. 160000.



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