TDS U/S 192
This query is : Resolved
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
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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