WE ARE A PUBLIC LIMITED COMPANY. WE HAVE A EMPLOYEE WHO HAS SALARY OF 225000 AFTER GIVING ALL DEDUCTIONS. HE IS SAYING THAT HE DOES NOT HAVE PAN NOR WILL HE PROVIDE THE SAME AND DEDUCT TDS AS MUCH AS YOU WANT
NOW WHAT SHOULD I DO DEDUCT TDS @ 20% ON 25000 OR 10% ON 25000 OR 20% ON 225000
YOUR CLEAR CUT REPLY WITH RELEVANT INCOME TAX PROVISION WILL HELP ME SATISFY THE EMPLOYEE. MY HR PEOPLE ARE SAYING TDS SHOULD BE DEDUCTED ON 225000. MY VIEW IS THAT HE IS ENTITLED FOR 200000 EXEMPTION AND DEDUCTION SHOULD BE MADE @20% ON 25000 PLEASE CONFIRM THANKS & REGARDS DHEERAJ KUMAR
CAclubindia
