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Meaning

Others 642 views 3 replies

what is meant by tax paid salary?

I have question which says _   if an employee receives tax paid salary, then there is no liability on employee to pay taxon the amount received by him.true/false?

Replies (3)

Tax Paid Salary Means

That Salary on which Tax is already paid by Employer on Behalf of Employee

But In this condition Employee Not free from Liability of TAX

His income will be taxable cum Tax paid by Employer

& he wiil be liable to pay TAX.

Originally posted by : Nirmal

Tax Paid Salary Means

That Salary on which Tax is already paid by Employer on Behalf of Employee

But In this condition Employee Not free from Liability of TAX

His income will be taxable cum Tax paid by Employer

& he wiil be liable to pay TAX.

agreed                                                

There is diffrence in TDS or Tax Paid Salary

TDS Deduct by Employer should be Deposite in Govt. a/c within Mention Period in form of TDS Return.

Tax Paid Salary Is tax Paid By Employer in way of Self Assessment Tax

this will include in salary income of Employee

& thereafter the assessee can claim refund

but once tax should be paid by Employee

to avoid double tax


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