Hi All, Employee worked in our organisation for 3 months, he is monthly Gross salary for Rs.20000/-. Whether i want to deduct or not Income tax?
If yes what basis i want to deduct tax? (I know std deduction Rs.150000/- PA)
Pls explain.
From India , Madras
If yes what basis i want to deduct tax? (I know std deduction Rs.150000/- PA)
Pls explain.
From India , Madras
Hi,
When u r calculating taxations, u take into account whether the amount handed over to the person is taxable or not?
In ur case, the person has drawn 20,000/- for 3 months which amounts to 60,000/- in total.
If u see the slabs, for men amount till 1.5 & for women 1.8 is nontaxable.
so, no question of deducting any taxes.
I request you to please take/learn tax deduction rules. If u make mistake not only that u'll be harming the person concerned but also earning bad reputation for urself.
If u do not something,nothing wrong in it but please learn it, most importantly when it is someone's elses money.
With regards,
M.Biswas
Samsung Heavy Industries
From Korea,
When u r calculating taxations, u take into account whether the amount handed over to the person is taxable or not?
In ur case, the person has drawn 20,000/- for 3 months which amounts to 60,000/- in total.
If u see the slabs, for men amount till 1.5 & for women 1.8 is nontaxable.
so, no question of deducting any taxes.
I request you to please take/learn tax deduction rules. If u make mistake not only that u'll be harming the person concerned but also earning bad reputation for urself.
If u do not something,nothing wrong in it but please learn it, most importantly when it is someone's elses money.
With regards,
M.Biswas
Samsung Heavy Industries
From Korea,
Note on Filling of Income Tax Returns (ITR).doc