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......?

Kumar Babu.G

Kumar Babu.G (Expert)
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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?

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Ravikant

Ravikant (Expert)
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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,