Tax on salary
This query is : Resolved
29 July 2011
Salary package of a employee is Rs. 36 lacs per annum. for FY 2010-11 Rs. 26 lacs paid and TDS thereon deducted & deposited and Rs. 10 lac is still due to employee and accordingly no TDS deducted & deposited.
Query 1: Form 16 to be issued for what amount Rs. 26 lac or Rs. 36 lac
Query 2: Whether employee need to file ITR (assumption that form 16 issued for 26 lacs) as per form 16 or the whole salary i.e. salary received and due bur not received and whether he needs to pay self assessment tax on Rs. 10 lac salary alongwith interest u/s 234 A,B,C.
Query 1: Form 16 to be issued for what amount Rs. 26 lac or Rs. 36 lac
Query 2: Whether employee need to file ITR (assumption that form 16 issued for 26 lacs) as per form 16 or the whole salary i.e. salary received and due bur not received and whether he needs to pay self assessment tax on Rs. 10 lac salary alongwith interest u/s 234 A,B,C.
29 July 2011
Form -16 to be issued for Rs.26 LACS and consider the salary income rs. 26 lacs while filling the return.
01 August 2011
Thanks
Request you to give any reference i.e. court case etc.in support of your opinion. if possible.
Request you to give any reference i.e. court case etc.in support of your opinion. if possible.
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