Every person or entity who has deducted TDS while disbursing salary to its employees is required to file your quarterly TDS returns. A delay in filing the returns attracts interest and penalty levied by the Tax Department. auditorsaab.com provides you with a prompt mechanism to comply with all the TDS compliance on account of salary payment.
Every person or entity who has deducted TDS while disbursing salary to its employees is required to file your quarterly TDS returns. A delay in filing the returns attracts interest and penalty levied by the Tax Department. auditorsaab.com provides you with a prompt mechanism to comply with all the TDS compliance on account of salary payment.
Who Should Buy
Any individual who is required to make a payment of salary and has to deduct TDS
Any organisation such as corporate, partnership firm etc required to make salary payment after deduction of TDS
Any branch of principal business office
Details of deductor
Details of responsible person
Details of deductee
Challan details
Deduction details
Purchase of plan
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Return form prepared by auditorsaab.com Expert
Generation of Form 16
Is there any minimum amount upto which tax is not deducted on salary payment?
If the expenditure incurred/payment made during the year is below the threshold limit, then there is no requirement to deduct tax at source. If net taxable income is less than maximum amount which is not chargeable to tax
Rs. 2,50,000 for an individual
Rs. 3,00,000 for Senior Citizens
Rs. 5,00,000 for Super Senior Citizens
What is TDS in salary?
TDS or Tax Deducted at Source, is a type of tax levied by the Indian government wherein taxes are collected on the basis of 'pay as you get'. The taxes are deducted at the source of payments such as salary paid to an employee or commission earned by a broker.
The tax is deducted by the employer before making the payment to employee and is deposited with the govt. The employer later issues form 16 to its employees which serves as a proof of tax payment in the hands of employee.
