TDS on Salary

This query is : Resolved

CA.Ravi Kant Teltia, CS, CWA (Querist)
Follow

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

CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
Follow

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.

CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
Follow

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..

Upgrade to CAclubindia Pro. Subscribe Now!