InvestorQ : My salary slip doesn’t show any TDS. What should I do?
Anjali Desai made post

My salary slip doesn’t show any TDS. What should I do?

NISHA Nayak answered.
3 years ago

If your salary slip doesn’t mention ‘Income Tax’ under deduction table, then in all likelihood, you have a contractual agreement with the company and not a conventional salaried employer-employee one.

Thus, there would be no income tax being deducted from your monthly income and hence, no entry of TDS or income tax in your pay slip.

Form 16 is a statement of the tax deducted at source (TDS) or the tax that the company deducts at its end from your monthly salary and deposits with the government on your behalf.

Form 16 comes in handy when you are filing your income tax returns as it helps you calculate how much tax you have already paid and how much is due.

If your company has deducted more TDS on your behalf, and hence if you’ve paid more tax than you are liable to, then you can claim a refund from the Income Tax Department.

Thus, no TDS means there’s no tax being deducted from the company’s side towards your income tax.