Pan card not submitted by employee
This query is : Resolved
20 August 2014
Dear experts
one of our employee had not submitted his pan card. he is drawing a salary of rs 30000. we deducted his income tax at the rate of 20%. and sumbit his tax.now we came to know that he got his pan card few months back.he is asking for form 16 for fy 13-14.
pls advice urgently if we are correct in deducting Tds and should we issue him form 16??
THANKS
one of our employee had not submitted his pan card. he is drawing a salary of rs 30000. we deducted his income tax at the rate of 20%. and sumbit his tax.now we came to know that he got his pan card few months back.he is asking for form 16 for fy 13-14.
pls advice urgently if we are correct in deducting Tds and should we issue him form 16??
THANKS
20 August 2014
1. Tax is always to be deducted as per calculations and rules whether or not u did not get his PAN card .Also deposit the TDS to Tax authority as per qtly schedule .
2. Form -16: Every employer is supposed to issue Form -16 to all their employees and u cannot deny anyone . Now u can ask him to produce copy of PAN card before issue to mention his pan NO in his Form-16.
2. Form -16: Every employer is supposed to issue Form -16 to all their employees and u cannot deny anyone . Now u can ask him to produce copy of PAN card before issue to mention his pan NO in his Form-16.
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
- CLOSING STOCK QUERY
- Gst on travel by air for business purposes
- GST ISD Query on various AMCs
- Query regarding reporting of exempt foreign remuneration in ITR
- Rent claimed on building given on permissive possession basis
- Taxation on Old jewellery sold
- PF wage ceiling
- Query regarding TDS on EPFO Higher Pension Arrears- under wrong section
- Query regarding Item 61/62/63 vs Item 64 in ITR-3
- Short Term Gain Reporting ITR
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
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
