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SALARY INCOME

trideep (ca) (218 Points)

23 May 2020

Sir i have a manager in my hotel (small hotel) where i pay salary ₹22000 pm to the manager and i don't have any other persons except my cook (₹10000 pm) and helper (7000 pm) in my hotel weather my hotel. weather i have to deduct any tax from the manager or i can directly pay ₹22000 to him.? please advise me

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7 Replies

Asha Kanta Sharma (Manager - Finance & Accounts) (36355 Points)
Replied 23 May 2020

Rs. 22,000 x 12 Months = Rs. Rs. 2,64,000/-

It is exceeding IT Slab Limit so you need to deduct TDS on the salary paid to him. You can also ask him to provide for details of Insurance and Deductible Investments as eligible under IT Act.

2 Like

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Srikanth P (45 Points)
Replied 23 May 2020

Not required to deduct tds because
22000×12= 264000
tax on such income will be Nil by taking into rebate u/s 87A

2 Like

jashwanth (CA-PRACTICE) (400 Points)
Replied 23 May 2020

Your not required to deduct Tds from salary, Upto 5 lakhs salary p.a as there is rebate u/s 87a upto 12500 tax amount.

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suraj zanwar (Student CA IPC / IPCC) (352 Points)
Replied 23 May 2020

Rs 22000×12 month = 264000/-
it exced the limit.

But Your not required to deduct Tds from salary, Upto 5 lakhs salary p.a as there is rebate u/s 87a upto 12500 tax amount.

2 Like