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Taxable Income

Who is to deduct TDS?

The statute requires deduction of tax at source from the income under the head salary. As such the existence of employer-employee relationship is the sine-qua-non for taxing a particular receipt under the head salaries. Such a relationship is said to exist when the employee not only works under the direct control and supervision of his employer but also is subject to the right of the employer to control the manner in which he carries out the instructions. Thus the law essentially requires the deduction of tax when;

(a) Payment is made by the employer to the employee.

(b) The payment is in the nature of salary and

(c) The income under the head salaries is above the maximum amount not chargeable to tax.

Source: Income Tax Department

Salaries

Income from House Property

Business

Capital Gains

Income from Other Sources

Wealth Tax

PAN

General

Taxable Income

Return of income

Assessment

Due dates for filing tax returns

Deductions

NRIs

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