Tds provisions for retired employees

TDS 359 views 1 replies

339 Points Joined February 2014

Dear Members,

I am a tax deductor in an insurance co.(govt co)

I have paid arrears pertaining to py 12-13, 13-14, 14-15 , & 15-16 to retired employees. what are the TDs provisions in this regard.

whether TDs is to be deducted on these arrears and if so at what rate.

thanks.

Replies (1)

339 Points Joined February 2014

actually they are retired employees. they are not drawing any salary.

do u mean salary of the year which pertains to arrears.

if yes then they could have paid taxes of those years. then what to do

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