Very good article. I have a doubt reg 234 B. In case of a salaried employee with other income from bank interest etc how is this 90% calculated? Does it include TDS from salary or only the tax on other income?
Thanks.
Interest u/s 234 b and 234 c
Page no : 2
CA Prashant Gupta
(DGM (F & A))
(14068 Points)
Replied 07 March 2013
@ Rani
in salary cases, TDS will be deducted by employer on salary
employee can declare his interest income to him
then interest on bank saving will be calculated and TDS will be deducted on total income by employer
this is the best way
CMA. CS. Sanjay Gupta
("PROUD TO BE AN INDIAN")
(114230 Points)
Replied 07 March 2013
Informative Post....
Dhanya Sreedhar
(CA final, doing Job)
(661 Points)
Replied 07 March 2013
Thanks for sharing....BOOKMARKED
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