Matter of pansion

This query is : Resolved

Guest

Guest (Querist)

09 June 2012 good morning to all experts,
can you please told me that supoose a man rec. pension per month 20000. and he also do job in a private limited co. his salary is 25000. than what private co. will deducted tds only salary . than what is the role of pension. in his case

Ca Anand Dubey

Ca Anand Dubey (Expert)
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09 June 2012 pension will be taxable as salary , please calculate and deposit the tax

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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09 June 2012 Two options are available viz.,
i) declare the pension to the employer company and ask them to deduct tax on salary and pension as well.
ii) let the employer deduct tax on salary alone and the employee pay tax on pension and file the return.

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Guest

Guest (Querist)

09 June 2012 but sir limit is lower than slab rate. how tds will deduct