Ad Free CAclubindia and Daily Updates on your Mobile. Subscribe Now!

Salary - tds

gaddala ramesh (163 Points)

07 February 2024

what is the thresold limit for tds of salary

Reply
Follow
Share

8 Replies

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 07 February 2024

No threshold limits for TDS on salary.

TDS on salary based on Computation with All Incomes and less All Deductions. After that arise any Tax liability then the liability will calculate as per Slab Rate...

1 Like

Upgrade to CAclubindia Pro. Subscribe Now!

Shiva Dubey (166 Points)
Replied 07 February 2024

It depends upon the employee and employer section 192

Yasaswi Gomes new (Finance ) (4514 Points)
Replied 07 February 2024

find out tds calculation here, the question is? Is TDS and IT both applicable on salary?

Attached File : 3176554 20240207122716 new tds calculations with slab rates apr 2017.xls downloaded: 170 times

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 07 February 2024

@ Yasaswi,

Is TDS and IT both applicable on salary?

Please understand what is TDS and what is IT...
Also TDS can be deductible if salary is exceeds.
But What You mean IT is applicable...
very bad

Very Bad understanding @ Yasaswi...
The wrong understanding/learning is showing as a Jocker... mind it first....

1 Like

Yasaswi Gomes new (Finance ) (4514 Points)
Replied 07 February 2024

Originally posted by : RAJA P M
	No threshold limits for TDS on salary.TDS on salary based on Computation with All Incomes and less All Deductions. After that arise any Tax liability then the liability will calculate as per Slab Rate...