TDS on salary if PAN no. not provided
This query is : Resolved
11 October 2010
Please advise if Employee does not provide PAN No. how tds to be deducted. assuming he is falling under :
1. 10% slab
2. 20% slab
3. 30% Slab
Rgds,
Ramesh
1. 10% slab
2. 20% slab
3. 30% Slab
Rgds,
Ramesh
11 October 2010
As per the recent amendments W.e.f 01/04/2010, on non-submission of PAN, Tax is to be deducted @ higher of prescribed rate or 20%.
case 1) TDS 20%
2) TDS 20%
3) TDS 30%
case 1) TDS 20%
2) TDS 20%
3) TDS 30%
Message likes :
1 times
11 October 2010
Thanks Sir. Tax will be deducted on total amount paid or on amount after exempting amount of Rs. 160000/-.
11 October 2010
IN MY VIEW ON TOTAL AMOUNT. OTHERWISE A PERSON WORKING IN TWO COMPANIES CAN AVAIL LIMIT OF RS. 160000/- TWICE. VIEWS OF OTHER EXPERTS ALSO SOLICITED.
11 October 2010
Agreed with Mr. Sanjay... In case NO PAN is provided, TDS should be deducted @ applicable slab rate or 20 % , whichever is higher.
& while taking this rate, you should not allow any IT benefits..i.e it should be flat @ 20 or 30 % , whichever is applicable..
& while taking this rate, you should not allow any IT benefits..i.e it should be flat @ 20 or 30 % , whichever is applicable..
11 October 2010
The amount of tax shall be deducted after providing the benefit of threshhold limit as the the income below threshhold limit is not taxable at all, hence shall not be subject to tax at all.
29 October 2010
20% of TDS on non submission of PAN. Ofcourse minimum limit of exemption need to be taken care
30 April 2014
simply deduct 20% on gross salary.... other default will get generated
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
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Applicable TDS rate for sale of property in Nov 2024
- Donation Receipt u/s 80G
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
