Tds on salary

Ajay s (Accounts Officer) (243 Points)

26 June 2012

Dear All

If an Employee's Gross Taxable Salary per Annum is 2,40,000/- having No Pan ,What should be his IT for F.Y 2012-13 ?

48000/- or 8240/- ??

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2 Replies

Gireesh Hegde (Senior Excecutive - Accounts & Taxation) (482 Points)
Replied 26 June 2012

Hi,

Considering Rs.240000/- is the Taxable Income under the heads of Salaries his Income Tax for the FY is Rs.5,150/- inclusive of Cess & SHEC.

Thanks.

Gireesh

Ajay s (Accounts Officer) (243 Points)
Replied 26 June 2012

Please read the question carefully Gireesh , u r wrong , he is having no PAN

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