Amount paid separately other than salary
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 July 2011
Dear Sir,
We have to pay an amount of Rs.13000/- per month to an employee in a seperate payment by cheque or cash.
The amount is actually in view of increase in the income but not clubbed with salary so that it does not become taxable.
Request your opinion as to how this allowance can be paid.
Regards
S. Anand
We have to pay an amount of Rs.13000/- per month to an employee in a seperate payment by cheque or cash.
The amount is actually in view of increase in the income but not clubbed with salary so that it does not become taxable.
Request your opinion as to how this allowance can be paid.
Regards
S. Anand
06 July 2011
Allowances are allowed on the basis of amount expended by the employee or as per the IT rules. Any amount received by the employee from his employer is taxable under the head salaries and the employer can be penalised for non deduction of TDS.
*
However, I do not disregard the fact that, if any amount other than tax is paid to the AO, the issue of TDS may not be raised by him. (Humour)
*
The possibilities of showing Cash Salary in other persons name is there.
However, Professional Tax and other consequential benefits of other employees are also supposed to be given to the dummy employee.
*
However, I do not disregard the fact that, if any amount other than tax is paid to the AO, the issue of TDS may not be raised by him. (Humour)
*
The possibilities of showing Cash Salary in other persons name is there.
However, Professional Tax and other consequential benefits of other employees are also supposed to be given to the dummy employee.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
