Tds on salary
This query is : Resolved
11 May 2013
Dear Sir,
Employees who have not PAN NOS. then how much % we have to deduct the TDS (TDS on salary) , its salary Rs.4,00,000/-(its comes in Table wise tax?? or any other tax calculation)
Please advise
Regards,
Malcome
Employees who have not PAN NOS. then how much % we have to deduct the TDS (TDS on salary) , its salary Rs.4,00,000/-(its comes in Table wise tax?? or any other tax calculation)
Please advise
Regards,
Malcome
11 May 2013
In this case tax should be deducted at 20% as the assesee has not furnished PAN.
General rule for deduction of Tax in case of non availability of PAN is as follows:
Deduct higher of following:
(i) at the rate specified in the relevant provision of this Act; or
(ii) at the rate or rates in force; or
(iii) at the rate of twenty per cent.
In this case it will be 20%.
General rule for deduction of Tax in case of non availability of PAN is as follows:
Deduct higher of following:
(i) at the rate specified in the relevant provision of this Act; or
(ii) at the rate or rates in force; or
(iii) at the rate of twenty per cent.
In this case it will be 20%.
13 May 2013
TDS on Salary – Employees not having PAN nos. we have to deduct Tds 20%, but on which amount we have to deduct 20%, Gross Value paid? OR Value after deducting 80CCE, 80CCG, VI-A (OTHER)?? Kindly advise the same.
Regards,
Malcome
Regards,
Malcome
13 May 2013
It should be deducted on gross amount only.
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
- House Property Reporting in ITR
- TDS Claim year
- Sales amount in Gstr1
- Supply through E-commerce Operators
- TDS Challan Code
- Rent lease agreement
- Relief u/s Section 89
- Lease agreement and tax on sale
- REGARDING SECTION 44AE
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
