|
|
|
|||||||
| Income Tax Income tax questions, tips, strategies to save income tax. We focus on Income tax rules and regulations in India. Questions/Answers from NRIs about tax in their countries of residence are also discussed. |
|
Welcome to India Forums from Digital Bhoomi! Guests can post new threads or reply to the threads. No sign in is required. You are currently viewing our forums as a guest. By joining our free community you will have access to post topics/threads, participate in Forum Contests (Win $50!), Earn Points, communicate privately with other members (PM), respond to polls, upload content and access many other great features. Registration is super fast, simple and absolutely free so please, join our community today! If you have any problems with the registration process or your account login, please refer our Help section or Contact us. Please also read How to use this forum. |
|
|
|
Thread Tools | Display Modes |
09-04-11, 03:52 AM
|
#1 |
|
Guest
Posts: n/a
|
TDS from Salary
Can a company pay an X amount to it's employee in April '11 and deduct tax at source for this X amount FY 2010-11 and simultaneously include this amount in the pay slip of Mar '10? Isn't this a violation of the income tax regulations?
|
|
|
|
09-04-11, 01:09 PM
|
#2 | |
|
Wizard
Join Date: Feb 2008
Location: chennai
Posts: 2,267
|
Quote:
Since the amount X is paid only in April 2011, the employee will show it as income for FY 2011-2012 and TDS can be deducted for FY2011-2012 only. TDS and tax calculation are done on payment/income paid/received during a FY in which it has been paid/received.
__________________
happiness lies within u....  www.jayskorner.blogspot.com http://www.triond.com/users/jayashree+s+kumar http://goanimate.com/user/0psCK1KQx95w |
|
|
|
|
14-06-11, 04:21 PM
|
#3 |
|
New Member
Join Date: Apr 2011
Location: nd
Posts: 8
|
Hi friends,
Nice post.... I hope we are share more usefull information here……. thnaks, Priya |
|
|
|
|
| Share this page with your friends |
| Thread Tools | |
| Display Modes | |
|
|
Similar Threads
|
||||
| Thread | Thread Starter | Forum | Replies | Last Post |
| Scholarship/Salary Offer for Master student/RA | handsbella | Career Education | 1 | 29-10-08 08:08 AM |
| The ridiculous salary for elected representatives in India | Manish393 | Your Voice / Community Center | 0 | 20-07-08 03:23 PM |
Linear Mode
