I have a small sole proprietorship firm, and I have taken 4 new employees, i have 2 question
1. Do i have to cut tds on their salary (salary is less than 2.5L per year)
2. Do i have to split salary into basic hra etc? And provide salary slip?
5 Replies
CA. ANKIT PANDYA
(CA)
(682 Points)
Replied 01 July 2022
Answer to both the question is No. not required.
CA Rashmi Gandhi
(Chartered Accountant)
(86461 Points)
Replied 01 July 2022
1. No need to deduct TDS if salary is below taxable limit
2.Not compulsory, but I suggest that you will provide salary slip with details.
2.Not compulsory, but I suggest that you will provide salary slip with details.
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