Dear all,
If the employee salary is Rs.400000 , wheather we need to deduct tds ? need to file IT return ? Please clarify ?
9 Replies
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 10 June 2021
No need to deduct tax at source on account of rebate u/s 87A. ITR has to be filed.
Sivaramaraju G
(Learner)
(2398 Points)
Replied 10 June 2021
No Need of TDS
Need to file ROI even though no tax liability
Pavan Kumar
(Student CA IPC / IPCC)
(91 Points)
Replied 10 June 2021
If the employee salary is Rs.600000 without deductions ? what about tds part ?
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 10 June 2021
No need to deduct TDS for 400000 rupees but if salary is 600000 rupees then TDS should be deducted
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 10 June 2021
| Originally posted by : Pavan Kumar | ||
 |
If the employee salary is Rs.600000 without deductions ? what about tds part ? |  |
After considering deductions, if the salary is up to Rs.5 lacs, no need of TDS.
veerendar singh
(tax consultant)
(3301 Points)
Replied 10 June 2021
No tds for total income upto 5 lacs
Manikanta juluri
(Student)
(252 Points)
Replied 10 June 2021
No need to deduct TDS, Filing is mandatory
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