what is withholding tax? when we use withholding tax?
what are the procedure in steps for calculating tds plz
tell me about all........
- 12 Answers
- 100663 Views
- IBM, Patni, TCS, I also Faced
- E-Mail Answers
Answer Posted / felix ade
Every employee or worker is obligated to pay tax, and the
government has empowered every employer to deduct certain
percentage of its employee's salary on its behalf. Therefore
Withholding tax is the amount of money deducted from an
employee's salary to be remitted to the government account.
TDS (Tax Deduction Statement): TDS is the statement or the
analysis of the money or tax deducted from employees over a
period of time. It is a document prepared by the employer
for the government.
Surcharge: This is the fee that is payable to the government
by an employer for keeping the money/tax deducted from its
employees over a period of time.
| Is This Answer Correct ? | 3 Yes | 1 No |
Post New Answer View All Answers
I am interested in how to write Functional Specicification documents to be passed on SAP ABAP Consultants. After the Fit/Gap Analysis the RICEFW objects will be derived and functional specicifications will be written for the ABAPers to work on. I would be happy if anyone could send me examples, templates and explanations. Thanks Jay
Is it possible to print the financial statement version on a sapscript form?
What are the segments in asset master ? : fi- asset accounting
How Business Process are in sap
In movement type(mm), what is value & quantity string? It updates values and quantities in gl with valuation class, transaction key modifier and gl a/c. But how does it work when doing a mvt type?
What is the use of account payable in fi?
What is an account group and where it is used?
What is a cost object? : co- general controlling
could you plz help me understanding or give an example about the accounting treatment "journal entry" in MM business cycle at the following : 1- When goods receipt 2- when MODVAT are Captured 3- Invoice varification 4- vendor payment and please how i could revers an entry when material is rejected thanks
Our company has 2 divisions: Food Service & Food Beverage Units Now we have a problem... The customer no. 500 , is shared between our Food Service and Food & Beverage units. T we do not have a customer hierarchy for the following combination: sales org. 1000 dist. channel 10 ( for food service) division 00. We cannot set this up because we have the customer hierarchy already created for sales org.1000, dist. channel 11 ( for food and beverage) division 00 Is there anyway that we can set up the customer hierarchy for food service units? Please let me know
How to estimate the Cost step by step ?
What is Difference between Cost center and Profit center. Can any one explain me?
What is the importance of gr/ir ( good received/ invoice received) clearing account?
What is direct and in-direct posting? : cost center accounting
Explain the account payables submodule? : fi- accounts payable
