Tds deducted on salaries

Sir,

what is the allowance exempted from salary f.y.2011-2012

sarika

There are many allowances exempt from salary. some of them are

1.H.R.A (House Rent Allowance)

2.L.T.A (Leave Travel Allowance)

3.Medical Allowance  etc....

Dear All,

There is no of Allowance like 

H.R.A, Conveyance, Travelling, Uniform, D.A, Medical, LTC and any more.......... 

Once TDS from salary and deposited with govt. treasurery can not be refunded to the employee. In this case you must have filed quarterly return mentioning name and pan no. of the employee whose tax is deducted.

Employee can claim refund but you cannot refund to him.

Regarding form 16 , you can issue form 16 showing actual salary paid and tax deducted.

Nandu Pareek

Manager Taxation

at employer end tds return should be file in timely manner, it emloyee headache to claim refund or not.

Dear Friend

baljeet kumar RAVI patidar

As per my concern and as per rule 192B , when u have deduct any TDS On prorata basis, that time employer  never know employee will  work in continue or not . and when you  have already filed TDS return 24 Q, OF Ist QTR. but not filled 2ND QTR. then you can refund only tds amount which u have deducted  from jul to sep (2nd Qtr).and  could be adjust  in other employee tds liability 

Rgds

S.S.RAWAT

Dear Friend

New Service tax will be applicabel from Apr_12.

Rgds

S.S.RAWAT