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Salary-tds

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(Querist)
14 March 2013 TDS Rate If Employee have not PAN No.(As per TRACES Site 30%, As Per Section 206AA 20%)

What is Final Tax Rate.
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Santosh Mishra

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Santosh Mishra (Expert)
14 March 2013 You are right, it seems an error on TRACES. It is 20% only.
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CA Dileep Surya Kumar

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CA Dileep Surya Kumar (Expert)
15 March 2013 If employee does not have pan then tds on salaries will be higher of

1.Average rate of tax (estimated tax/total income)
2.20%.

For Individuals who are in 30% tax bracket , tds 30(+cess) can be applicable normally.

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