Superannuation-income tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 August 2011
Dear Expert,
How can calculate & deduct Income Tax on Superannuation Payable amount of the employes after resigned from the company. Pl clarify detail as per income tax rules.
Ex.: X Employee (Age-45 yrs) Joined company for the period 01-Apr-2007 & Left in 31-Jul-2011.
Thanks in Advance.
How can calculate & deduct Income Tax on Superannuation Payable amount of the employes after resigned from the company. Pl clarify detail as per income tax rules.
Ex.: X Employee (Age-45 yrs) Joined company for the period 01-Apr-2007 & Left in 31-Jul-2011.
Thanks in Advance.
27 August 2011
I assume that u are talking about payment from an supperannuation fund
Tax will be deducted on employer's contribution and interest thereon at average rate of tax at which employee was liable to tax during the preceeding three years
CA MANOJ GUPTA
JODHPUR
09828510543
Tax will be deducted on employer's contribution and interest thereon at average rate of tax at which employee was liable to tax during the preceeding three years
CA MANOJ GUPTA
JODHPUR
09828510543
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 September 2011
Thanku very much Sir
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