(Message modified for quick reading)
Hi Mates,
Good day to you all. I had a small clearification to do.
As per my knowledge; Salary and Commission drawn from same firm by the employee is clubbed to Gross salary of the employee. Please correct me, if am mistaken.
- I am a Salaried Employee of XYZ Pvt Ltd.
- My company issue Salary, after deducting Professional Tax. (they dont do TDS on salary yet)
- Apart from Salary, I am entitled for sales commission from same company.
- While issuing me cheque for Sales commission, they deduct TDS 10% u/s 194H.
I doubt, if these things are going OK..?
I request all your advice; to ease my concern.
I also have an another idea:
I am thinking to operate a Business and issue Bill to my company.
In this way, I can show business expenses also,
I request all your advice.
Regards. Thanks in advance.
CAclubindia
