Master circular on tds on salaries
This query is : Resolved
18 February 2012
Dear Sir
2 quick questions:
1. Whether Master Circular for TDS on SALARIES is available for FY 2011-12? If yes, where can i find it? The Ciruclar no. will suffice.
2. Please confirm my understanding whether the employee HAS TO submit details of other income i.e. other than salary to the Employer for the purpose of making TDS? As far as I believe, the employer must make TDS only in respect of 'Salaries' paid by him. It is at the discretion of the employee whether he wants to reveal/submit the details of other income.
2 quick questions:
1. Whether Master Circular for TDS on SALARIES is available for FY 2011-12? If yes, where can i find it? The Ciruclar no. will suffice.
2. Please confirm my understanding whether the employee HAS TO submit details of other income i.e. other than salary to the Employer for the purpose of making TDS? As far as I believe, the employer must make TDS only in respect of 'Salaries' paid by him. It is at the discretion of the employee whether he wants to reveal/submit the details of other income.
19 February 2012
1. F.Y 2011-12 not published. CBDT Circular 5/2011 dated 16/08/2011 is the latest ie., for FY 2010-11.
2. Seems your understanding is correct.
2. Seems your understanding is correct.
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