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TDS SALARY LIMIT

NETAJI SALUNKE (129 Points)

11 July 2020

is there any salary limit to deduct tax .

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prasad Nilugal ( GST Practitioner & Accounts ) (14550 Points)
Replied 11 July 2020

Rs 250000/- per annum is limit to Deduct Tax at source . If your estimated salary crosses 250000/- in the F.Y then you have deduct tax source form April .

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NETAJI SALUNKE (129 Points)
Replied 11 July 2020

Sir TDS deduction is compulsory

SURAJ SHARMA (Junior accountant) (135 Points)
Replied 11 July 2020

Tds deducted as per income tax slab rate , depend on salary+deduction.

NETAJI SALUNKE (129 Points)
Replied 11 July 2020

TDS deduction is compulsory for school and colleges?

SURAJ SHARMA (Junior accountant) (135 Points)
Replied 11 July 2020

If you paid salary across threshold limit of income tax you need Deduct Tds.

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annu Goyal (1102 Points)
Replied 14 July 2020

In Income tax no specific rate for TDS on salary,
TDS is required when salary Income exceed 250000/- and after all deduction there is tax liability that amount will be deducted from his/her salary income.