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TDS U/S 192

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11 May 2011 Respected Experts,
Is there any provision that how many employees should an employer is to have - against of which TDS is to be mandatorily deducted by that employer.
Here in the concerned case all the employees Incomes are above the maximum examption limit under Income Tax
Thanks
Debashis Mandal

11 May 2011 No such provision on number of employees, even one employee coming under tax, then tds need to be deducted and deposited

12 May 2011 TDS on salary is depends on total income and not on number of employees. If salary is more than exemption limit, TDS to be calculated and paid.


14 May 2011 Liability of an Employer arises as and when the estimated taxable salary of any of his employee exceeds the exemption limit is required to deduct TDS on the average monthly tax rate.




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