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Tds on salary

Ashish Jain (Student) (191 Points)

07 August 2015

On what conditions is TDS deductible on Salary?

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5 Replies

Udgam Koomar (Tax Technologist) (1949 Points)
Replied 07 August 2015

If net inome crosses the threshold limit.

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CMA Poornima Madhava (CMA) (13112 Points)
Replied 07 August 2015

In case of Individual, if total income AFTER giving effect to the provisions of sections 80C to 80U exceeds the exemption limit specified.

CA. Roopali Kadam (Jobs on assignment basis.) (1459 Points)
Replied 07 August 2015

Poornima can you please provide me the any source/section/case law of your answer.

I have not read anything like this before.

Thanks in advance

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veeraraghavan (under articleship) (35 Points)
Replied 07 August 2015

@ roopali : in case of employee, after giving effect to various investment declarations provided by him like insurance premium, medical premium, lta,medical reimbursement etc, in case of salaried individual get the information regarding various tax savings made by him out her, arrive at tax liability , adjust for yds already deducted using form 16 and pay the remaining due or claim the refund....