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..
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How to make a entry in tally for Land & Building Purchased for RS.1,65,00,000/-(Total Consideration)Paid Installment wise as 30 lakh,10 lakh,20 lakh & 1,30,87,500
I am a Leaving Cert Student. From Solutions to exam questions etc. I know what to do with the following adjustment but I cannot explain why. A thypical Adjustment is: A building is acquired for €60000 plus VAT at 10%. The amount paid to the Vendor was entered in the Buildings Account. No entry made in the VAT account. Could you explain why the VAT amount is deducted from the VAT amount in the TB? And why it is sometimes an Asset in the BS. Thank you, Mary
1 Answers College School Exams Tests,
Purchase order value Rs. 10000/- 0.7% is erection chareges (inclusive of the above price) central Excise applicable & Local sales tax applicable,The above price is inclusive of all taxes.
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