TDS on Salary ( Group CEO )
This query is : Resolved
25 January 2010
Dear Sir,
We are paying salary to Group CEO , each company paying salary to the Group CEO seperately , Whether we need to deduct TDS in each of these companies seperately
If each company has to deduct TDS , then how to give form 16
Regards
P. Raja
We are paying salary to Group CEO , each company paying salary to the Group CEO seperately , Whether we need to deduct TDS in each of these companies seperately
If each company has to deduct TDS , then how to give form 16
Regards
P. Raja
25 January 2010
You can make one calculation for all companies and deduct as proportionately to each company salary payment
28 January 2010
when companies are related then it is assumed that you can get other's information of salary. So every company will deduct TDS. But for calculation his investment will be adjusted only one time or divided in companies. So he can't take benefit of investment more than one time. Make arrangements so that full tax on salary is deducted.
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