Tds on salary
This query is : Resolved
10 May 2014
if in an entity 1000+ workers work.... and salary is given to them 20000 p.m.
then tds on what slab will deduct
on after 200000
or
on after 220000
and it is not possible to realy find out for each worker that whose total income is above or below 500000 including other heads
then what will be the treatment for that???
then tds on what slab will deduct
on after 200000
or
on after 220000
and it is not possible to realy find out for each worker that whose total income is above or below 500000 including other heads
then what will be the treatment for that???
10 May 2014
Hardly, any worker will be above 5 lakh, if salary is Rs. 20,000 pm. Relief of 2.20 lakh slab is available for income below 5 lakh.
Message likes :
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10 May 2014
you can take investment declaration form from employee whose income above rs. 200000/- in a year earned by employee.
then you can take PAN of employee also due to if employee not have pan then you liability to deduct the tds @20%
then you can take PAN of employee also due to if employee not have pan then you liability to deduct the tds @20%
Message likes :
2 times
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