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 / mohammed

You can argue with the company as your income is under
taxable limits i.e. 1,60,000/- a year your company is not
liable to dudect the TDS from your salary. OR You will
have to file your IT Return to get back your TDS Amount.
Better ask your company not to deduct tax

Is This Answer Correct ?    6 Yes 4 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Kindly, tell me abount the WCT of U.P. material & labour supply for installment of lift in premises at Noida (U.P.), our lift supplier giving the bill in 90% material & 10% Labour & charged the up vat of 12.5% , Can we liable for WCT deductor ?

1384


Please explain how to pass entry for VAT setoff and Service Tax Credit?

2744


In our bodyshop wct tax is 13.05% on the whole Labour charges( including opening fitting ,repairing ,painting. Is this justified?

1218


What are the streamlined sales and use tax agreement?

629


what is sales tax assesment or annuel return company and how to do end of the finiancial year and what is form no 240.

1573






How to reconcilation of modvat

1871


How can I Proceed to my client regarding Advertisement Bill as we are dealing in advertising agency and also clear us can we deduct TDS on their bill? For Example we receive a bill from The Sandesh Ltd. of Rs. 50000/- and they do not mention service tax in the bill. So, Kindly provide the Guidelines regarding This Problem.

1576


what is rules of taxation

1657


What r the foll tax deductions for :- 1.TDS 2.WCT Give me answers in detail & give me some addtional info on these topics which would be helpful for me.

4285


Define financial year?

707


Are woollen Blankets (Rugs) taxable under CST ? Can unregistered party sell it.

1530


what the procedure of filing mvat pls. explain in briefly ?

1772


what is the difference b/w deferred tax exp and defeered tax liab? should Deffered Tax expense be deducted b4 computing Net profit?

1680


WHAT IS THE DIFFERED ASSET , WHAT IS THE PROVISION OF IT GIVT ME THE EXAMPLE WITH ENTERY ON MY E.MAIL sonidilip87@yahoo.com

1494


if the reparing & machinery maintanance for one party the whole year payment paid rs.75000/- crossed than tds is deducted from amount

1452