Tds on pesion
This query is : Resolved
thirupathi
(Querist)
30 August 2014
Hello everyone
I would like to share one query regarding payment of TDS on pension, if it is received by the nationalized bank or by the employing company(for ex.state pollution control board).
I am eagerly for your valuable response.
I would like to share one query regarding payment of TDS on pension, if it is received by the nationalized bank or by the employing company(for ex.state pollution control board).
I am eagerly for your valuable response.
CA R SEETHARAMAN
(Expert)
30 August 2014
Pension will be treated at par with salary TDS has to be made. Form 16 has to be issued for TDS. Allowable deductions like 80C has to be allowed.
Rupesh Jain
(Expert)
30 August 2014
pension recd by the individual from above if cross the exemption limit and after taking section 80 deduction then tds will be deducting the deposit the same and issue form 16.
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