TDS OF LEAVING EMPLOYEE DURING FULL AND FINAL
This query is : Resolved
pannu deshmukh
(Querist)
07 July 2011
RESECTED MEMBERS,
I WANT TO ASK THAT,
IF EMPLOYEE RESIGN ON THE 20TH DAY OF THE MONTH ALSO HE MADE PAYMENT TO THE COMPANY FOR THE NON SERVICE OF NOTICE PERIOD NOTICE PERIOD(i.e.3 MONTHS SALARY).
THE EMPLOYEE COMES IN TAX BRACKET (20%)
WHAT SHOULD BE THE TAX TREATMENT?
WHETER WE DEDUCT TAX OR NOT?
REGARDS
PANNU
I WANT TO ASK THAT,
IF EMPLOYEE RESIGN ON THE 20TH DAY OF THE MONTH ALSO HE MADE PAYMENT TO THE COMPANY FOR THE NON SERVICE OF NOTICE PERIOD NOTICE PERIOD(i.e.3 MONTHS SALARY).
THE EMPLOYEE COMES IN TAX BRACKET (20%)
WHAT SHOULD BE THE TAX TREATMENT?
WHETER WE DEDUCT TAX OR NOT?
REGARDS
PANNU
O.D.SHARMA
(Expert)
08 July 2011
You don't need to deduct Tax.Form 16 you will issue will have all amount as refund .His income of the year will be net of notice pay & accordingly tax treatment will be there
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