What is the system? Is that deducted from basic salary? or else what is the limit for basic, hra and other allowances to get exempted from Income Tax. Please help me out with an example. Thanks:
From India, New Delhi
From India, New Delhi
HI :)
I KNOW OF A GOOD WESITE WHICH CAN REALLY HELP U OUT.
TRY THIS WWW.INDIATAXES.COM
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TAKE CARE
REGARDS,
SHIKHA
From Malaysia
3I KNOW OF A GOOD WESITE WHICH CAN REALLY HELP U OUT.
TRY THIS WWW.INDIATAXES.COM
U CAN FIND ANY ANSWER HERE.
TAKE CARE
REGARDS,
SHIKHA
From Malaysia
Dear Friends,
There is a master CIRCULAR NO. 8/2007 [F.No.275/192/2007-IT(B) of Income Tax Dept. for deduction of TDS on salaries, I am attaching the same for your reference, it also provides examples for deduction.
Regards,
Sanjiv Sharma
From France, Courbevoie
There is a master CIRCULAR NO. 8/2007 [F.No.275/192/2007-IT(B) of Income Tax Dept. for deduction of TDS on salaries, I am attaching the same for your reference, it also provides examples for deduction.
Regards,
Sanjiv Sharma
From France, Courbevoie
Hi,
I am working on a new structure for the Senior management employees of my company. I would like to know that if a Employee who has got a handsome appraisal and wishes to attach the car which is on his wife's name on Hire Purchase scheme with the company instead of taking the raise in his salary, will the amount paid to his wife attract TDS @ 2.5% as in the case of Contracts or @ as applicable for rent.
My Accounts guy is not clear. Please advice if you are aware of this situation.
Thanx
Vinit Srivastava
From India, Delhi
I am working on a new structure for the Senior management employees of my company. I would like to know that if a Employee who has got a handsome appraisal and wishes to attach the car which is on his wife's name on Hire Purchase scheme with the company instead of taking the raise in his salary, will the amount paid to his wife attract TDS @ 2.5% as in the case of Contracts or @ as applicable for rent.
My Accounts guy is not clear. Please advice if you are aware of this situation.
Thanx
Vinit Srivastava
From India, Delhi
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TDS circular.pdf
Format--new TDS rates.xls
BASICS OF TDS ON SALARY-1.doc