Q) Can an employer file TDS return or any sort of statement against salary paid to his employee without deducting TDS from salary (salary paid is below the taxable slab of employee).
Q) Are there any particular section/s of income tax act which compels/direct employers to report non-taxable salary/pension ? Or such payment does not require any sort of reporting ?
(Example - XYZ pvt. ltd paid Rs. 2,40,000/- to his employee named Mr. A. No TDS has been deducted because it is below taxable amount i.e. 2,50,000/-. Is it mandatory for XYZ pvt. Ltd. to file any statement to Income Tax Deptt, that 2,40,000/- has been paid and no TDS has been deducted.)
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