Other income included in the form 16
This query is : Resolved
09 March 2012
Dear Sirs
In our case we have a teacher in school who had received pension of Rs .218000 from govt. in addition to salary paid by us. Salary paid by us amounted to Rs. 180000 after deductions. Govt does not deduct TDS on the said 218000. Whether we are required to deduct tax on amount including 218000 in the head salary .If there any problem on deducting Tax from pension received from govt. If there any problem in showing pension amount in Form 16 issued by us
In our case we have a teacher in school who had received pension of Rs .218000 from govt. in addition to salary paid by us. Salary paid by us amounted to Rs. 180000 after deductions. Govt does not deduct TDS on the said 218000. Whether we are required to deduct tax on amount including 218000 in the head salary .If there any problem on deducting Tax from pension received from govt. If there any problem in showing pension amount in Form 16 issued by us
09 March 2012
If the employee has declared the income, then the employer shall calculate the total tax liability on the total income inclusive of such declared income.
In this case, the pension income shall be added to the salary income and tax shall computed on such total income.
The said tax liability shall have to be deducted by way of TDS.
You will show the pension income in Form 16 and also details of TDS.
In this case, the pension income shall be added to the salary income and tax shall computed on such total income.
The said tax liability shall have to be deducted by way of TDS.
You will show the pension income in Form 16 and also details of TDS.
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
- Itr 1 processing
- Reporting Income under Section 44ADA
- Building and other construction workers welfare cess act 1996
- Bank Accounts in Balance Sheet for ITR 3
- ITR validation error - Balance sheet is not filled
- ITR 1: Details for showing Exempt Income
- TDS ON CASH WITHDRAWALS...
- ITR Filing Requirement for Partnership Firm Registered but Business Not Commenced
- Income of an individual
- Capital gain profit distribution among partners of partnership firm
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- 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
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
