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Mr.x gets Rs66000P.M .He told that you donot cut any
dedution from my salary.This is possiable please tell some
useful investment
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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 |
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We purchased material from other state against C form. Here in invoice Basic price value - Rs 100000 Cst 2% - Rs 2000 and transportation charges - Rs 8000 Total bill value - Rs 110000. But in C form How much amount we have to give? 100000 or 102000 or 110000 I am waiting for your valuable reply, advance thanks.
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