TDS

This query is : Resolved

SIJU VARGHESE (Querist)
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02 July 2011 Dear Experts,

A Pvt.Ltd.Co. has deducted TDS on salary, but the employee has no PAN.He has resigned and gone abroad. Now the Co. cannot file TDS Return without his PAN card.
Pls give a solution.

DEEP SINGH TOMAR

DEEP SINGH TOMAR (Expert)
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02 July 2011 in this case, TDS on salary has to deduct @ 20% under section 206AA without given any slab deduction.

the diff if any has to bear by com, itself

SIJU VARGHESE

SIJU VARGHESE (Querist)
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04 July 2011 Sir,

The employee has received salary 50000/- p.m. and he worked only for 3months ie.total salary he received is 1,50,000/-.
Will it make any change in your answer?

Pls reply.

Thanks & Regards

Siju

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DEEP SINGH TOMAR

DEEP SINGH TOMAR (Expert)
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04 July 2011 According to section 192 of income tax act, tds has to be deducted on the average basis

Total tds will deduct rs. 30,000/-

( @20% of 1,50,000/-)