Tds on salary

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This query is : Resolved

Malcome M Bandya (Querist)

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

CA Mayank Ogrivala

CA Mayank Ogrivala (Expert)

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%.

Malcome M Bandya

Malcome M Bandya (Querist)

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

CA Mayank Ogrivala

CA Mayank Ogrivala (Expert)

13 May 2013 It should be deducted on gross amount only.

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