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Tds on salary: pan not quoted

TDS / TCS 2361 views 16 replies

Hello,

1) If a employee of a Company doesn't have PAN, TDS is deducted at 20% or slab rates, which ever is higher. But is this 20% above exemption limit or on the entire amount? Say for AY 12-13, my salary is 3 lac in the year. Now, is tds deducted @ 20% of 3 lac or @ 120000(3 lac-180000)?

 

2) Assuming excess TDS has been deducted due to non-furnishing of PAN, is there any way the employee can get a refund of the same? He is ready to apply for a PAN card..

Replies (16)

Reply to 2nd Ques: Employee have to File return and claim for refund if any..

Originally posted by : Satya Mishra

Reply to 2nd Ques: Employee have to File return and claim for refund if any..


So if he now applies for PAN card and then files return for AY 12-13, he'll get the refund?

oviously get the refund.. Does not matter the date of issue of PAN. 

i dont think so. as the e-tds return dint refer to the PAN to which the tax is to be credited. None can avail the credit of the TDS.

further if on the allotment of PAN, the e-tds return is revised with mentioning the PAN against the TDS, only then the refund can be claimed.. i think this way.

I think Abhishek Is Right...

but if the employer revises his e-tds return, then there should not be any problem na?

Reply to question No.1.....TDS will be deducted on 120000 (Total salary - Exemption limit)

2nd question

will get refund if employer file the revised return with correct pan

1st question

tds will be deducted on salary - 180000 for fy 2011-12(male)

Ranjeet ... salary exemption in the year 2011-12 was 160000 ... so dont we have to deduct tax on 140000 ???

Ranjeet ... for F.Y.2011-12 exemption limit was 160000 .... so TDS will be applicable on 300000 - 160000 (140000) .. isnt it ???

naa

limits are 1,80,000 for male

and 1,90,000 for female in fy 2011-12

You would be required to submit the photocopy of your PAN Card to your employer and then he will intimate the same to the Tax Department via a Revised Return.

Once this is done, you can claim refund of Income Tax by filing your Income Tax Return

2nd question will get refund if employer file the revised return with correct pan

1st question tds will be deducted on salary - 180000 for fy 2011-12(male)

THIS IS UR POST RANJEET...

 

now if exemption limit is 180000 .. then how can tax be deducted on 180000 ...

 



 


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