Tds salary

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

02 March 2013 In my company one of the don't person don't have a pan card.but his salary this time will exceed the actual slab rate Rs.2lak. We have to deduct TDS now.So what we can do now.
If we have to deduct tax for the feb month salary.Because if we apply for pan it will take one month time.So if have to deduct tds now means how much have to deduct.how can i file a tds return

Santosh Mishra

Santosh Mishra (Expert)

02 March 2013 I understand that one of your employees does not have PAN and his taxable income has exceeded the basic exemption limit of Rs.200, 000.

You can deduct applicable tax from his Feb salary and ask employee to apply for PAN immediately. You would require his PAN at the time of furnishing TDS return for quarter-4 that is due by 15th May, employee would get his PAN details by that time.

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

02 March 2013 Thank you sir

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