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TDS on Salary Income

This query is : Resolved 

29 June 2010 What will effect if a employee who has a taxable salary, but does not have/submit PAN.

29 June 2010 Deduct TDS @20% if PAN not given by employee.

29 June 2010 If salary is above Rs. 500000.


29 June 2010 Ask employee to obtain PAN or deduct tds @20% on Taxable income.

04 July 2010 Tax at higher of the prescribed rate or 20% will be deducted on all transactions liable to TDS. If salary coming under 30% slab then deduct 30%.



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