Exclusive HOLI Discounts!
Get Courses and Combos at Upto 50% OFF!
Upgrad
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Ashok Kumar Sharma (Manager)     17 October 2010

Tax Deduction

Dear Sir,

Recently wage revision for Bank Employees has been finalised and anothoer pension option has been offerred for which existing PF optees have contributed 2.8 times of their revised Pay for the month of Nov, 2007. This amount has been kept by the Banks with them but I-Tax thereon is being charged/paid. Sir, when payment of such amount has not been made to employess, why TDS is being deducted. Is it right as per rules? Pl comment.

Thanks.



Learning

 1 Replies

Shayan Khan (B.com)     17 October 2010

T.D.S. is generally deducted at the time of payment or credit, whichever is earlier.


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register