Tds on employees who do not have pan
This query is : Resolved
dheeraj kumar
(Querist)
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
CA PARAS BAFNA
(Expert)
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/-.
.
CA Harish Suwalka
(Expert)
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
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