Tds on salary
This query is : Resolved
30 August 2017
Is properitor is liable to deduct tds on salary for his employees?
30 August 2017
Yes, if Proprietor is paying his employees salary which is liable to tax.
31 August 2017
Yes he is liable, if the salary of employee is taxable, he must obtain TAN number as well
01 September 2017
Is there any Turnover criteria , only after crossing that limit proprietors is liable to deduct TDS?
01 September 2017
NO Turnover Criteria
TAN No. must be obtained & TDS is to be deducted if you are liable to deduct TDS as per the provisions of IT Act
Say, if you are paying your employee a salary of 500000 (Assuming his net taxable income is also 5 lacs), then TDS must be deducted.
TAN No. must be obtained & TDS is to be deducted if you are liable to deduct TDS as per the provisions of IT Act
Say, if you are paying your employee a salary of 500000 (Assuming his net taxable income is also 5 lacs), then TDS must be deducted.
08 September 2017
Alright
Got it.
Thank you for your help
Got it.
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