Salary-tds
This query is : Resolved
14 March 2013
TDS Rate If Employee have not PAN No.(As per TRACES Site 30%, As Per Section 206AA 20%)
What is Final Tax Rate.
What is Final Tax Rate.
14 March 2013
You are right, it seems an error on TRACES. It is 20% only.
15 March 2013
If employee does not have pan then tds on salaries will be higher of
1.Average rate of tax (estimated tax/total income)
2.20%.
For Individuals who are in 30% tax bracket , tds 30(+cess) can be applicable normally.
1.Average rate of tax (estimated tax/total income)
2.20%.
For Individuals who are in 30% tax bracket , tds 30(+cess) can be applicable normally.
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
- About TDS & Income Tax
- PPF interest-As Exempt Income disclosure
- Scrutiny and reopening of past returns
- Pass word to open justification report for Q1 for FY 2026-27
- Under construction property in ITR
- Section 194JA & JB Income which ITR Form to use
- Upload Level ValidationITR3Category of Defect B/D
- Building tax payment deduction in rental Income
- Booth for sales promotion
- Capital Gains on sale of residential flat
- F & O PROFIT REPORTING FOR AY 2026-27
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- 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
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
