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Tds deduction

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(Querist)
06 July 2014 If PAN is not available then 20% TDS is to be deducted or surcharge is also to be deducted in case of: i) Salary ii) Bank interest
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
06 July 2014 20% to be deducted for both cases. For Salary if Taxable amount is higher than the 20% per slab than such higher amount should be deducted.

Furthermore, it should be made mandatory to furnish PAN for all employees.

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