Tds
This query is : Resolved
16 August 2013
Let us assume that the Annual salary is 3.6lac among which 0.6 lac is the Variable Performance pay (VPP)..
Among that VPP, he cannot get 100% since it is based on the performance of the employee..
Now, in order to deduct tax on behalf of the employee from his salary every month, what should be the salary that should be considered??
Kindly reply me in this regard..
1)If the VPP is received in the same year..
2)VPP is received in the subsequent year..
3)Can the VPP be considered as salary due??
Thanking You,
Raghava Ravuri
Among that VPP, he cannot get 100% since it is based on the performance of the employee..
Now, in order to deduct tax on behalf of the employee from his salary every month, what should be the salary that should be considered??
Kindly reply me in this regard..
1)If the VPP is received in the same year..
2)VPP is received in the subsequent year..
3)Can the VPP be considered as salary due??
Thanking You,
Raghava Ravuri
16 August 2013
Actual variable pay due on subsequent year only based on performance evaluation by the management. so it will be taxed on subsequent year only
Incase the VPP received in the same year then taxable in the same year since payment happened first
Incase the VPP received in the same year then taxable in the same year since payment happened first
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
- ITDS U/S.194T of Firm
- Difference between Date of Payment and Date of Deduction?
- Unregistered suppliers utility
- Non-Compliance documents have not been submitted by the contractors debited
- EXPORT COMMERCIAL INVOICE HSN CODE
- Bank details not Visible on Traces Portal
- FCRA 6 E- Intimation
- Same demand raised for original as well as rectification request return
- Sale of property held jointly with a non resident Indian
- TDS ON EMAIL DOMAIN SERVICE BILL
- CAPITAL GAIN BASE ON NOTIFICATION
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- Eway bill not cancelled within 24 hous what can be due
- TDS Deducted AY-2013-14 Not Reflected in 26as
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
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
