Tds on employees who do not have pan
This query is : Resolved
28 January 2013
SIR
WE ARE A PUBLIC LIMITED COMPANY. WE HAVE A EMPLOYEE WHO HAS SALARY OF 225000 AFTER GIVING ALL DEDUCTIONS. HE IS SAYING THAT HE DOES NOT HAVE PAN NOR WILL HE PROVIDE THE SAME AND DEDUCT TDS AS MUCH AS YOU WANT
NOW WHAT SHOULD I DO
DEDUCT TDS @ 20% ON 25000
OR
10% ON 25000
OR
20% ON 225000
YOUR CLEAR CUT REPLY WITH RELEVANT INCOME TAX PROVISION WILL HELP ME SATISFY THE EMPLOYEE.
MY HR PEOPLE ARE SAYING TDS SHOULD BE DEDUCTED ON 225000. MY VIEW IS THAT HE IS ENTITLED FOR 200000 EXEMPTION
AND DEDUCTION SHOULD BE MADE @20% ON 25000
PLEASE CONFIRM
THANKS & REGARDS
DHEERAJ KUMAR
WE ARE A PUBLIC LIMITED COMPANY. WE HAVE A EMPLOYEE WHO HAS SALARY OF 225000 AFTER GIVING ALL DEDUCTIONS. HE IS SAYING THAT HE DOES NOT HAVE PAN NOR WILL HE PROVIDE THE SAME AND DEDUCT TDS AS MUCH AS YOU WANT
NOW WHAT SHOULD I DO
DEDUCT TDS @ 20% ON 25000
OR
10% ON 25000
OR
20% ON 225000
YOUR CLEAR CUT REPLY WITH RELEVANT INCOME TAX PROVISION WILL HELP ME SATISFY THE EMPLOYEE.
MY HR PEOPLE ARE SAYING TDS SHOULD BE DEDUCTED ON 225000. MY VIEW IS THAT HE IS ENTITLED FOR 200000 EXEMPTION
AND DEDUCTION SHOULD BE MADE @20% ON 25000
PLEASE CONFIRM
THANKS & REGARDS
DHEERAJ KUMAR
28 January 2013
IT IS BETTER TO BRING HIM IN THE COMPANY'S DISCIPLINE.
.
IF THE EMPLOYEE IS REALLY AN ASSET TO THE COMPANY, DEDUCT 20% ON 25000/-.
.
.
IF THE EMPLOYEE IS REALLY AN ASSET TO THE COMPANY, DEDUCT 20% ON 25000/-.
.
28 January 2013
the act says that slab rate will be used for sec. 192, and 206aa says that rate will be 20%, so in your case 20% on 25000 is enough
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
- Is any professional CA is here please reply
- Reopen of assessment proceeding
- EPF FULL & FINAL RULES IN 2026
- Rental income gst and it purpose
- Fixe term employment
- Gift Received from nonblood relative
- Foreign lottery ticket bought online from India: legality, tax and consequences
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Putting a heading on received mail
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- 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
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
