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Salary payment

MPR Sanjay Kumar (3101 Points)

14 November 2021

what is the threshold amount for TDS payment for salary and percentage

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prasad Nilugal ( GST Practitioner & Accounts ) (14546 Points)
Replied 14 November 2021

For TDS on salary you have to fulfill 3 conditions
1) Threshold limit is 250000/- , TDS deducted on average .
2) Employer and Employee relation
3) TDS must be deducted from Salary .

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Vishal Manakshe (299 Points)
Replied 15 November 2021

There is no fix % of TDS on salary

You have to first calculate tax on such salary, then divide such tax with gross salary. This will be your % of tds of that particular salaried employee.

Then you can deduct such % while paying monthly salary.