if Employee salary annually 6 lakh
but they use deduction limit 1.50 lakh than mandatory to deduct Tds on Salary. if yes than what rate I deduct.
Menu
Tds Dedection
Replies (1)
Not required for salary category since income falls below 5lacs (6lacs-1.5=4.5lacs), the tax payer is eligible for rebate u/s 87A.
Hence tds deduction is not mandatory in this case
Hence tds deduction is not mandatory in this case
Related Threads
CAclubindia
