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 ?
Riya Gupta (16 Points)
31 October 2019
om akhani
(88 Points)
Replied 31 October 2019
RAJA P M
("Do the Right Thing...!!!")
(128085 Points)
Replied 31 October 2019
Riya Gupta
(16 Points)
Replied 31 October 2019
Hitesh
(Student)
(3549 Points)
Replied 31 October 2019
RAJA P M
("Do the Right Thing...!!!")
(128085 Points)
Replied 31 October 2019
Rijo John
(audit manager)
(447 Points)
Replied 31 October 2019
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)
(5655 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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