TDs on salary
This query is : Resolved
30 June 2010
mr. X is a employee on annual monetory Salary is Rs. 5lakh and valued non monetory is Rs. 80000 p.a. Now total taxable income is Rs. 580000.
Q. Employer wish to pay tax on perquisites from his own pocket. What amount of tax he should deposit?
Q2. What will the average tax rate for calculation of TDS?
Q3. How the employee proof that he has tax free perquisits?
Q. Employer wish to pay tax on perquisites from his own pocket. What amount of tax he should deposit?
Q2. What will the average tax rate for calculation of TDS?
Q3. How the employee proof that he has tax free perquisits?
30 June 2010
Q.1.TDS on Perqusites also need to pay by employee only.there is no provision for employer paying tax on Perks after Abolised FBT (own pocket means deducting salary also own pokcet only)
Q.2. Total tax liablity need to calculate by the employer and deduct monthly
Q.3.for perquistes valuation need to refer valuation rules u/s.17
Q.2. Total tax liablity need to calculate by the employer and deduct monthly
Q.3.for perquistes valuation need to refer valuation rules u/s.17
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
- Tax on Deemed Capital Gain
- Type of Capital Gain
- Exiting partner in partnership firm in gst portal
- TDS on property - Form 141 query
- F & O PROFIT REPORTING FOR AY 2026-27
- ITR-3 File/Error Found
- ASMT-10 received from A O
- Applicability of Books of Account for Commission Income (Sections 194D & 194H)
- TDS _Long term Capital Gain ref.sec 214 Table 2
- IT returns for fresh job holders
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
