Mr.x gets Rs66000P.M .He told that you donot cut any
dedution from my salary.This is possiable please tell some
useful investment
- 2 Answers
- 3633 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / h.r. sreepada bhagi
Based on the salary break-up and the details of savings &
investments submitted by any employee, tax liability has to
be calculated in respect of each individual employee and
proportionately deducted every month from his/her salary.
Tax liability should be calculated as per the provisions of
the Income Tax Act and any tax payable should be deducted
with out fail. Employer should not entertain any request or
instruction from any employee not to deduct tax, unless it's
supported with documentary proof and after applying it,
there will be no tax liability. If the employer fails to
deduct the tax, then he needs to pay interest to the government.
Remember no employee can be exempted from TDS just because
of his request or instruction. It can be done only in
accordance with the Income Tax Laws.
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / satpal
As per indian income tax rule income over to 160000.00
applicable tds compulsory.
make possible investment :-
National Saving Certificate
Free Hold land purchase
Insurance
Land purchase against farming.
| Is This Answer Correct ? | 2 Yes | 0 No |
HOW PASS A TDS DUE ENTRY
what is the relationship between bookkeeping and accounting?
how to value stock?
what is profit and loss(dr) in cash flow statement?
I m considering BASIC + DA at the time of calculating EPF. Is it the right procedure?
What are the differences among band,debenture and share ?
any one provide me mm & fi configration steps
under which accounting rule prepaid salary?
What are source documents in accounting?
I purchased a Car & paid 10,000/- Rs. Cash & 50000/- Rs. By Loan. What will be the Entry ??
what is share slipt and its typea?
2 Answers Bank Of America, Capital IQ,
A company primarily operating from own land, takes on rent building for staff quarters. Whether rent paid on such staff quarters qualifies as capital investment?
Audit 
