Sec 192 Deduction of TDS
Riya Gupta (16 Points)
31 October 2019
If employer given a salary of Rs.300000 to employee (Resident individual ). can he is liable to deduct tds ?
10 Replies
om akhani
(88 Points)
Replied 31 October 2019
No, Employer is not a liable assuming there is no Estimation of income available.
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 31 October 2019
Yes... TDS will be deductible if income exceeding the basic limit. Before that employer will consider employee's other incomes and Deductions. After the Net income is the bracket of taxes then TDS to be deductible...
Riya Gupta
(16 Points)
Replied 31 October 2019
Why ? upto 300000 income is covered under rebate so amount of tax is zero why employer deduct tds ?
Hitesh
(Student)
(3549 Points)
Replied 31 October 2019
I agree with Riya Gupta...have inboxed you Riya
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 31 October 2019
Yes... I agreed to You Mr Riya Gupta. But Calculation will be based on 2.5laksh. After crossing the limit then rebate not available...
Rijo John
(audit manager)
(447 Points)
Replied 31 October 2019
Not liable for deduct tds if your salary 300000
Kapadia Pravin
(17259 Points)
Replied 31 October 2019
@ Riya Gupta
As per the query , the employer given a salary of 300000/- then as employee gets standard deduction 50000/- then it becomes 250000/- . So tax is Nil and TDS question does not arise.
(Assuming 3 lakhs is before Std deduction)
Alternatively if 3 lakhs salary is after standard deduction then tax will be 2500/- which will be further reduced by 87A rebate of 2500/- resulting into Nil Tax liability in so far as income under salary head is concerned. And hence no TDS deduction is required.
CA Arun Tiwari
(Partner)
(5955 Points)
Replied 24 December 2019
TDS deduction on the salaried Employee depends upon the in which Income Tax slab he falls . For Instance , If he is Senior Citizen then he will be applied 3 lakh slab .Moreover if is Very Senior Citizen then he will be applied 5 lakh Income Tax Slab . Else if the Employed Individual does not fall in the above categories then 2.5 lakh slab will be applicable and accordingly his salary will be taxable . So in the given case ,Employer salary is 3 lakh then determining the above mentioned category in which he will fall then only calculate the Taxable Income on salary .
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