Stipen

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

31 March 2014 Dear All,
Please note that we have hired one foreigner as internship in our company.And we have decided we will pay Rs.20000/- per month. And she will stay with us one year.But my problem i don't like to deduct TDS. I Like to Pay her Rs. 16500/- as stipend and rest amount i want to adjust with any other ledger as conveyance or house rent reimbursement.

Note i have declare stipend would be Rs. 20000/-Pm to FRRO.

This head will be consider as stipend. Please help.

Regards,

Rupesh Jain

Rupesh Jain (Expert)

31 March 2014 first thing:

if employee have PAN under income tax ac then you have to deducted 10% as professional u/s 195
other wise @ 20%

another thing you have to appoint as employees issue employment letter and divided the salary in allowance and deducted TDS as salary another employee but employee have not PAN then TDS to be deducted as above.

Querist : Anonymous

Querist : Anonymous (Querist)

31 March 2014 Dear Mr. Rupesh,
She don't have any pan card and we also issued offer letter as internship to her.

Rupesh Jain

Rupesh Jain (Expert)

31 March 2014 r
you have to apply PAN OTHER WIST YOU HAVE TO DEDUCT TDS @ 20%, WHICH IS NOT REFUNDABLE FOR HER.
SECONDLY IF YOU ARE FILING PAN NOT AVAILABLE RETURN OF ANY (SALLARY/PROFESSIONAL) BOTH CASE YOU HAVE TO PAY PENLTY FOR NON MENTION OF PAN OF DEDUCTEE. I AM FACING THIS TYPE OF PROBLEM AT PRESENT.

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