TDS
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 June 2011
wat will be the TDS rate in case of salary if PAN is not quated by the empoyee....?
is exmption limite applicable in emplyee case will aplly......?
is exmption limite applicable in emplyee case will aplly......?
02 June 2011
If PAN is not quoted by employee then TDS has to be deducted @ 20% or higher rate.This provision is applicable to Salaried person also.In that case higher rate i.e., 30% has to be adopted for deduction.
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 June 2011
@kumar babu.G.....exeption limite applicable in assessee case will also be apply?
or it is to be deducted on gross salary?
or it is to be deducted on gross salary?
05 June 2011
If employee (deductee) fails to furnish his/her PAN to the deductor, the deductor shall make TDS at a higher of the following rates
i. at the rate specified in the relevant provision of this Act; or
ii. at the rate or rates in force; or
iii. at the rate of twenty per cent.
Basic Exemption Limit Applies in all cases,
i. at the rate specified in the relevant provision of this Act; or
ii. at the rate or rates in force; or
iii. at the rate of twenty per cent.
Basic Exemption Limit Applies in all cases,
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