sub: salary tds

1) will financial year and assessment year apply for salary
tds. ie if my employer is deducting tax then will it be for
the last year or current year.

2) in case of assessment year,( example 1st april 2009 to 31
march 2010),
why it is given as one year does it mean that the total year
is meant for assessing and then when shall we pay the tax or
file the returns???

3) in case of assessment year 1st april 2007 to 31 march
2009, when should i stop assessing and start deducting the
tax and when should i pay it to it dept



sub: salary tds 1) will financial year and assessment year apply for salary tds. ie if my employ..

Answer / guest

1)Employer is deducting tax on salary for Current year.

2)

Is This Answer Correct ?    0 Yes 0 No

Post New Answer

More Taxation Interview Questions

What is ITC and on which goods we can claim it?

2 Answers  


what is the difference b/w deferred tax exp and defeered tax liab? should Deffered Tax expense be deducted b4 computing Net profit?

0 Answers  


if there is no express contract between parties,but makes no. of payments to a particular party and those payments exceeds the limits prescribed(i.e 20000 or 50000 as the case may be)is tds applicable for the same?

1 Answers  


what is H Form

3 Answers  


Please Advise When issue form F monthly Basis or quarterly basis.

3 Answers  






what is meaning of Bill Discounting & how it done please explaiin me in detail

1 Answers  


NOW I WANT TO FILE THE INCOME TAX RETURNS. I AM A SALARIED PERSON WITH NO OTHER INCOME. SHOULD I USE SARAL 2( ITR-1) FORM ASSESSMENT YEAR 2010-11

4 Answers  


Why Issue a C form to seller & what is form no.49

8 Answers   ABC, Apex,


WHAT IS THE PROVISION OF TDS RECEIVABLE AT THE TIME OF YEAR ENDING GIVE THE EXAMPLE WITH ENTERY ON MY E.MAIL sonidilip87@yahoo.com

0 Answers  


if we are deducting TDS on sodexo .4% means , wht the surcharge & cess in that

1 Answers   IonIdea,


Can we take rebate on Exports done before 6 years ? If no, why ? What can be done ?

0 Answers  


WHETHER IN RETAIL INVOICE IS IT NECESSARY TO SHOW TAX PERCENTAGE OR NOT.

2 Answers   Genpact, KFCSC,


Categories