how to deduct tds on pension with examples
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Answer / maya
If the pension exceeds Rs 200,000/- pa , tds will be deducted @10% [same as salary]
| Is This Answer Correct ? | 11 Yes | 3 No |
Answer / aparna baradkar
income up to 2.5 lakhs no tax will be deducted
| Is This Answer Correct ? | 3 Yes | 2 No |
Answer / vishal goel
If pension exceed the maximum exemption limit after permissible chapter VI A deductions & / or Relief u/s 89, then banks & other persons responsible for payment are duty bound to deduct tax at source.
Amount will be chargeable as per Income tax slab rate..
| Is This Answer Correct ? | 0 Yes | 0 No |
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