Hi, Buddy,
‘Is TDS deducted on salary’, I think this question is floating in your mind. Let me assist you with this. TDS on salary is deducted on a monthly basis. Section 192 requires the employer to deduct TDS from the employee's wage at the time of payment.
Because the employee is paid on a monthly basis, the company will withhold TDS from the salary each month. If the employer fails to deduct the required amount, he will be responsible for the penalty and interest.
Hence, if you are thinking that, ‘will TDS be deducted on salary’, Well let me highlight this to you that, the Section 192 of the Income Tax Act makes it mandatory to deduct TDS from a pay. If the salary amount exceeds the basic exemption level, any employer who pays a salaried income to his employees must withhold TDS from the salary.
I hope this answer suffices for your query of Is TDS deducted on salary.
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Does TDS gets deducted on salary or daily payment?
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2022-03-18T08:23:45+00:00 2022-03-24T18:24:08+00:00Comment
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