11 October 2010
Please advise if Employee does not provide PAN No. how tds to be deducted. assuming he is falling under : 1. 10% slab 2. 20% slab 3. 30% Slab Rgds, Ramesh
11 October 2010
As per the recent amendments W.e.f 01/04/2010, on non-submission of PAN, Tax is to be deducted @ higher of prescribed rate or 20%. case 1) TDS 20% 2) TDS 20% 3) TDS 30%
11 October 2010
IN MY VIEW ON TOTAL AMOUNT. OTHERWISE A PERSON WORKING IN TWO COMPANIES CAN AVAIL LIMIT OF RS. 160000/- TWICE. VIEWS OF OTHER EXPERTS ALSO SOLICITED.
11 October 2010
The amount of tax shall be deducted after providing the benefit of threshhold limit as the the income below threshhold limit is not taxable at all, hence shall not be subject to tax at all.
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