TDS

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Panduranga (Querist)

06 August 2010 One of our workers TDS on salary is coming to Rs.53,000/- and he has another own business in that he got Rs.27,700/- TDS certificate(form 16A). and he intimated us to deduct only the balance TDS amt i.e 25,300/-,
please tell me its possible, how I have to give him form 16.

Thanks

VINOD ARORA

VINOD ARORA (Expert)

06 August 2010 Not only TDS, you have to consider other income also on which such TDS has been deducted. Effectively the final deductible amount will differ/increase.

However, please note that other incomes/losses which are allowed under S.192(2B) does not allow to consider business income/loss for the purpose of TDS on salary calc. So in the given case you may ignore such TDS.

Murtaza I Bhagat

Murtaza I Bhagat (Expert)

06 August 2010 totally agree,
from your side you have to watch as per your criteria that you are giving salaries to that person and only you have to do is that count that person's annually salary less eligible deduction which proof they have and after deduction it means deduct rs. 53000/-

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