Tds on salary
This query is : Resolved
11 May 2013
Dear Sir,
Employees who have not PAN NOS. then how much % we have to deduct the TDS (TDS on salary) , its salary Rs.4,00,000/-(its comes in Table wise tax?? or any other tax calculation)
Please advise
Regards,
Malcome
Employees who have not PAN NOS. then how much % we have to deduct the TDS (TDS on salary) , its salary Rs.4,00,000/-(its comes in Table wise tax?? or any other tax calculation)
Please advise
Regards,
Malcome
11 May 2013
In this case tax should be deducted at 20% as the assesee has not furnished PAN.
General rule for deduction of Tax in case of non availability of PAN is as follows:
Deduct higher of following:
(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.
In this case it will be 20%.
General rule for deduction of Tax in case of non availability of PAN is as follows:
Deduct higher of following:
(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.
In this case it will be 20%.
13 May 2013
TDS on Salary – Employees not having PAN nos. we have to deduct Tds 20%, but on which amount we have to deduct 20%, Gross Value paid? OR Value after deducting 80CCE, 80CCG, VI-A (OTHER)?? Kindly advise the same.
Regards,
Malcome
Regards,
Malcome
13 May 2013
It should be deducted on gross amount only.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- GST ON EXPORT COMMISSION
- RCM INVOICING FROM NOV-2024
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
