how to deduct tds on pension with examples
- 4 Answers
- 6860 Views
- Chartered Accountant, I also Faced
- E-Mail Answers
Answer Posted / 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 |
Post New Answer View All Answers
what accounts payable applications are your familiar with?
Dear sir , 1-what is diffrence local tax & vat 2 -what is sales tax. tds. service tax challan & return due date(monthly & quartly, annually) 3- what is deprecation rate in company act 4-what is income tax latest limit-
What qualities have you got that would make you a good accountant?
IS METHODEX IS GOOD INSTITUTE FOR SAP FICO MODULE TRAINING. IS IT IN BANGALORE OY HYDERABAD.
why i want to join Hawkins company
How to get C forms in online? Plz give me Processor Thanq
What is account payee cheque? Expand ctc cheque?
what's the mean by Imprest system? Please give me Replay on this no. 9885789716
The following information is extracted from the audited books of accounts of a chain of food stores for the period ended 31st December 2015. Revenue Statement (Trading and Profit and Loss Account for the year ended 31st December 2015. BWP’000 BWP’000 Sales 460 Cost of good sold (220) Gross profit 240 Wages 50 Other expenses 30 (80) Net Profit 160 Note: The purchase figure included in the cost of goods sold of P255 000. Balance Sheet as at 31st December 2015 BWP’000 BWP’000 Fixed Assets 400 Current assets: Stock 80 Debtors (trade) 120 Bank 400 ----- [600] Current liabilities: Trade creditors 300 ------ [300] 300 Net Assets 700 ==== Financed by: Share capital 600 Revenue reserves 100 ------ 700 Shareholders Funds 700 ===== Required: (a) Calculate the following accounting ratios: (i) Current ratio (ii) Acid test ratio (iii) Stock turnover (in days) (iv) Debtors turnover (in days) (v) Creditors turnover (in days) (vi) Return on capital employed (ROCE) (vii) Gross profit percentage (viii) Net profit percentage (b). Give a brief comment on the performance of the company, based on the above ratios.
How many invoices on average do you handle on a weekly/monthly basis?
PLZZZZZZZZZZZZ HELP ME FOR THE PREPARATION OF TEST JR.EXECUTIVE (ADMIN)IN ATM IAM APPEARED 1ST TIME IN THIS TEST MY TEST CENTER IS RAWALPINDI MY CONTACT NO IS 03338907330
Tell me do you have any professional experience of this field?
Explain a time when you have not met your goal?
WHICH QUESTIONS ASKED IN EPFO IN 2009.
Calculate the missing figures for company A. A Sales (TSR) (a) Total Variable Costs (TVC) (b) Total Fixed Costs (TFC) $24,000.00 Profit $0.00 Units Sold 1,000.00 Contribution Margin Per Unit (CMU) (c) Contribution Margin Ratio (CMR) (d) Break-Even Point (BEP) (Units) (e) Break-Even Point (BEP) (Dollars) $60,000.00
