Superannuation-income tax
Querist : Anonymous
How can calculate & deduct Income Tax on Superannuation Payable amount of the employes after resigned from the company. Pl clarify detail as per income tax rules.
Ex.: X Employee (Age-45 yrs) Joined company for the period 01-Apr-2007 & Left in 31-Jul-2011.
Thanks in Advance.
Tax will be deducted on employer's contribution and interest thereon at average rate of tax at which employee was liable to tax during the preceeding three years
CA MANOJ GUPTA
JODHPUR
09828510543
Querist : Anonymous
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