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.
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