Income tax on salary

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

05 April 2013 One of our employee left job on 28 Feb, 2013 and he comes under 30 % Tax bracket and we already paid Feb month salary in the Financial Year 2012-13.

Now, his full & final payment for EL, Bonus & LTA comes to Rs. 6,04,690/-.

We deduct 30.9 % Tax on whole amount but that employee telling us TDS should be deducted at minimum rate as he has no income for the F.Y. 2013-14.

Kindly advice us what should I do for the same.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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20 July 2013 query is not clear, you are telling already in 30% bracket then how employee claiming he has no income?

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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26 July 2013 waiting for reply

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