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,