TDS on Salary
This query is : Resolved
21 January 2011
Happy New Year All of u
Query: One Employee is receiving salary from two organisation (Rs. 20000 & Rs. 30000). These two are associate concerns & the signing authority is also the same. Wthether the employer of individual concern is liable for TDS.
Whether the total salary would be taken by any one concern for TDS purpose.
Thanks
CA Ravi
Query: One Employee is receiving salary from two organisation (Rs. 20000 & Rs. 30000). These two are associate concerns & the signing authority is also the same. Wthether the employer of individual concern is liable for TDS.
Whether the total salary would be taken by any one concern for TDS purpose.
Thanks
CA Ravi
21 January 2011
If the PAN & TAN are all different for the two companies, then both the companies have their individual responsibility for TDS.
It would be better if the overall exemption limit, 80 C limit & other annual limits be complied with either jointly or severally.
It would be better if the overall exemption limit, 80 C limit & other annual limits be complied with either jointly or severally.
21 January 2011
I mean, say.. one company may, in its calculation take 160000/- limit, 80C : 100000/- or 120000/- (whatever may be the case)etc.... & in the calculation of salary from other company...TDS @ flat rates, without considering any deduction..
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