Tds on commission paid to top regular employee
This query is : Resolved
30 September 2010
Dear all,
Please solve my following query on the urgent basis:
" How tax on commission paid top regular employees be treated?
We can addg it in salary and paying TDS based on the tax slab of the employee.
Should we consider commisison separate and pay profesional tax on it at 10.3%."
Please solve my following query on the urgent basis:
" How tax on commission paid top regular employees be treated?
We can addg it in salary and paying TDS based on the tax slab of the employee.
Should we consider commisison separate and pay profesional tax on it at 10.3%."
30 September 2010
Section 17 states as under:
17. 32For the purposes of sections 15 and 16 and of this section,—
(1) “salary” 33 includes33—
(i) wages;
(ii) any annuity or pension;
(iii) any gratuity33;
(iv) any fees33, commissions, perquisites or profits in lieu of or in addition to any salary or wages;
So it is salary only.
17. 32For the purposes of sections 15 and 16 and of this section,—
(1) “salary” 33 includes33—
(i) wages;
(ii) any annuity or pension;
(iii) any gratuity33;
(iv) any fees33, commissions, perquisites or profits in lieu of or in addition to any salary or wages;
So it is salary only.
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30 September 2010
then tds will be deducted according to the tax slab.....thanks
30 September 2010
Yes.
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