CA Day celebration 2024 Easy Office
LCI Learning

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.

08 September 2017 Alright
Got it.
Thank you for your help



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries




Answer Query