Hi all,
I recently joint a pvt ltd firm which offered me gross
10000 salary Per month and 10.3%tds deduction on it. my net
salary will be 9000. My question is my salary is not
taxable then how they can deduct my tds? according to firm
tds return will get me back after 1 years ? I am totaly
confused with this pls guide me on this matter.
Thanks in advance
Answer Posted / mahesh
Hi Pravink,
If the Company has hired on Contract basis (Not as an
permanent Employee) then you are liable for TDS. Check with
the company. If u are on Permanent payroll of the company,
then company cannot deduct from ur salary as TDS.
In the next fiscal year ie after 31-MAR-2011, Company will
give u FORM 16A which shows the information of the Tax
Deducted on ur salary.
Need to Submit to IT Department. IT Dept will refund the
complete TDS amount.
Is This Answer Correct ? | 2 Yes | 1 No |
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