There is an employee who is working with us and is an NRI(Srilanka). Due to govt new rules his pan number has been inoperative as per the software is showing. He is leaving now and got total gross income of Rs. 606332. As per the new regime there is no tds upto Rs. 7lpa but just because the pan is inoperative shall we need to deduct tds on higher rate which is actually 20%? and what will be the threshold income limit?
Menu
Tds Deduction On Salary For An NRI With inoperative Pan
Replies (2)
Quick Summary
Yes, you need to deduct TDS at higher rate. Threshold limit will be Rs. 3 lakhs under new regime.
The TDS department is not allowing any threshold limit while processing TDS returns. 20% if need to be applied, it shall be applied on the whole amount.
Recent Topics :
- Revising salary on 24Q Q4 FY 25-26
- LTCG: Home Loan Principal Repayment?
- Ims action relationship query
- GIFT REGARDING
- TDS on salary to non resident managing director
- Ewaybill and Transport documents (Lorry receipt)
- LTCG on sale of Builder Buyer Agreement
- Rule 13(2)(h) and valuation of CCDs
- Leave encashment, New labour code, Management cadr
- GST clarification needed:
Related Topics :
CAclubindia
