The annual salary i am paid is more than the exemptuon limit on tax. Is tds applicable in this case? Is it compulsory or can we do without it? How can we save more on tax?
2007-02-28 20:31:26 · 3 answers · asked by amit s 1 in Business & Finance ➔ Taxes ➔ India
She runs the business as a proprietor. And my annual salary would come to arond 1-1.5 lac
2007-03-01 00:02:53 · update #1
It is not the matter for salary It is the true love relation that matters get rid of ego
2007-02-28 20:53:06 · answer #1 · answered by sivaji 1 · 0⤊ 0⤋
For salary case, there is a limit of taxation, and the TDS application depends upon the Volume of ur business. The status of ur business establishment means Properietorship/Partership/Company etc..
Please contact a CA for proper tax planning.
THANKS
2007-03-01 07:23:34 · answer #2 · answered by AVANISH JI 5 · 0⤊ 0⤋
Yes u applicable TDS (Tds on salary),
more then 100000 rs. salary is applicable for TDS
2007-03-03 01:00:59 · answer #3 · answered by vipali g 1 · 0⤊ 0⤋