Dear sir,
Is there any form needed to be submitted with employer for NON DEDUCTION of TDS on SALARY if salary is below taxable income in F.Y.2011-2012.
Thank you.
Ravi gupta (Government servant) (24 Points)
17 April 2011Dear sir,
Is there any form needed to be submitted with employer for NON DEDUCTION of TDS on SALARY if salary is below taxable income in F.Y.2011-2012.
Thank you.
Devendra
(Chartered Accountant)
(4775 Points)
Replied 17 April 2011
Section 197 enables a tax payer to make an application to his
Assessing Officer for deduction of tax at a lower rate or non
deduction of tax. The application has to be made in Form No.13
(vide Rule 28(1)). If the Assessing Officer is satisfied that the total
income of a tax payer justifies the deduction of income tax at any
lower rate or no deduction of income tax, he may issue an appropriate
certificate (relevant Rule 28AA).
The certificate is valid only for the assessment year as specified
therein. On expiry of the validity period, a fresh application may be
made. A certificate is issued directly to the person responsible for
deducting tax/DDO with a copy to the applicant. In absence of
such a certificate from the employee, the employer should deduct
income tax on salary payable at normal rates (Circular No.147 dt.28-
10-1974).
Regards,
Devendra K
U S Sharma
(glidor@gmail.com)
(21056 Points)
Replied 17 April 2011
| Originally posted by : Ravi gupta | ||
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Dear sir, Is there any form needed to be submitted with employer for NON DEDUCTION of TDS on SALARY if salary is below taxable income in F.Y.2011-2012. Thank you. |
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if your salary is below taxable limit then employer is not entitled to deduct TDS, hence nothing has to be submitted to employer.
in case they want to get data they will ask you to provide form 12B before tds
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