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Educational institutions


S.Gupta c/o KPS (NA)     20 December 2017

S.Gupta c/o KPS
NA 
 1 likes  185 points

| My Other Post

in my opinion TDS and provident fund should not be deducted on the payment of salary to staff of educational institution , i.e. they should be treated like 'tax havens' . this will help to improve our education system.

 

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Prajjwal Kaushik (Finance Professional)     20 December 2017

Prajjwal Kaushik
Finance Professional 
 593 likes  6211 points

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Please enlighten more on this thought, How would this be more beneficial to the mass public? 

As far as, I understand TDS is the tax that has to be deducted at source from the Income of the Teacher or any other staff. Even if, the same is not deducted from salary. The person receiving the payments has to pay the required tax on his income while filing his return of income.

As far as PF is concerned, that is for the good of the staff itself. 

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S.Gupta c/o KPS (NA)     20 December 2017

S.Gupta c/o KPS
NA 
 1 likes  185 points

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this will help to attract more wise and intelligent teachers to the educational industry as they will not be required to pay income tax and TDS need not be deducted.even more so , i think TDS should not be deducted for the payment made to building contractors or sub-contractors.this will help good schools to make easier expansions and easily able to reach the masses.

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S.Gupta c/o KPS (NA)     20 December 2017

S.Gupta c/o KPS
NA 
 1 likes  185 points

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PF and ESIC should be deducted should be deducted , but ESIC needs to be deducted only when the benefits can easily be available to common masses.

 

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S.Gupta c/o KPS (NA)     02 July 2019

S.Gupta c/o KPS
NA 
 1 likes  185 points

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this will help in attracting very good teachers , which ultimately will escalate the country's growth.but i opine that this will only be possible when teacher recruitment is very very strict.


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