Matter of tds on pension (Income Tax)

This query is : Resolved

RAJIV

( Author )
09 June 2012

good afternoon to all experts,
can you please told me that supoose a man ( age 62 years) rec. pension per month 20000. and he also do job in a private limited co. his salary is 25000. than co. will deducted tds only salary . than what is the role of pension. in his case. and pension is not cross the slab rate (250000).than what we do in this case

Anand Dubey

( Expert )
09 June 2012

this query already answered same reply will apply

RAJIV

( Author )
09 June 2012

but sir how can tds deduct on pension . limit is 250000 in case above senior citizen

Anand Dubey

( Expert )
09 June 2012

dear rajeev exemption will apply after adding salary and pension you can't avail separate exemption . It will 2.5 including pension and salary ,add both then apply maximum exemption limit then calculate tax

RAJIV

( Author )
09 June 2012

thanks sir now i understand sir we contracted a milk supplier . milk suppler co. name is reghysha agrotech limited. sir he give his bill every month 20000 without adding service tax. than sir will i deduct tds in his while he does not add service tax in his bill.

Anand Dubey

( Expert )
09 June 2012

TDS is applicable if there is work contract and there is no correlation between service tax and tds.
what kind of contract you have? if it is for supply of milk then it will come under purchase and no tds will apply

RAJIV

( Author )
09 June 2012

yes sir he give us milk 30 liter

RAJIV

( Author )
09 June 2012

sir what happen

RAJIV

( Author )
09 June 2012

sir i m waiting ur reply

Anand Dubey

( Expert )
09 June 2012

see the answer above , i have already told tds not applicable