Overig
Short notes of PGBP
- Vak
- Instelling
PGBP
[Meer zien]Voorbeeld 1 van de 4 pagina's
Voorbeeld 1 van de 4 pagina's
In winkelwagen
In winkelwagen
Verkoper
Volgen
ankitchaudhary
Voorbeeld van de inhoud
Tax Deduction @ SourceDeduction of Tax at Source with regard to Salary Income Section 192
1. Every person making payment of salary income to resident or non-resident shall deduct tax at source and for this purpose the
employer shall estimate tax liability of the employee and tax so estimated shall be deducted in 12 monthly equal installments.
2. If any person is working with two or more employers, in that case he should submit the particulars of his salary income from all the
employers to one of the employer who will deduct tax at source taking into consideration income from all employers
3. If any employee has income under any other head, the employee shall be allowed even to report such incomes to the employer and
the employer shall take it into consideration. If employee has loss under the head house property, he shall be allowed to report such
loss to the employer. The employee shall be required to give proof.
4. For taxability of Salary under new concessional rates (Section 115BAC), employee to intimate employer of intention to opt for new
concessional rates. Intimation so given will be applicable for the year & can't be modified.
Deduction of tax at source in case of payment from recognized provident fund Section 192A
The person responsible for making payment of recognized provident fund to any person shall deduct tax at source if the amount to be
paid is taxable and tax shall be deducted at source @ 10% provided the amount paid or payable during a particular year is `50,000 or
more.
Payments received from recognised provident fund shall be exempt from income tax if the employee has complied with any of the
conditions given below:
(i) If the employee has rendered continuous service for a period of 5 years or more, or
(ii) If he has not rendered such continuous service, the service has been terminated by reason of the employee’s ill-health, or by the
contraction or discontinuance of the employer’s business or other cause beyond the control of the employee, or
(iii) If the employee obtains employment with any other employer and the provident fund has been transferred to such employer and
the total service with the former employer and the current employer is of 5 years or more.
If the employee has not complied with any of the above condition, then amount received by him shall be taxable but to the extent it was
exempt earlier.
Section Deductor Rate Non-Applicability
S.193 Interest on Securities Company 10% (a) 7 Years NSC; (b) National Development/Defence Bond; (c)
or Govt. 54EC Bonds: PFCL & IRFCL; (d) CG/SG Securities (e) Listed
DEMAT Securities; (g) Payable to LIC/GIC/Insurance co. (f)
Interest on Debentures of Public Co. to Resident Ind/HUF by
A/c payee cheque in FY ≤ 5K.
Note: TDS Shall be deducted on 8% saving (taxable) bonds &
7.75% Savings (Taxable) Bonds if interest > Rs. 10,000
Tax By: CA Jasmeet Singh Youtube @CAJASMEETSINGH Instagram @taxbyjasmeet Doubts Whatsapp@7275521644
Voordelen van het kopen van samenvattingen bij Stuvia op een rij:
√ Verzekerd van kwaliteit door reviews
Stuvia-klanten hebben meer dan 700.000 samenvattingen beoordeeld. Zo weet je zeker dat je de beste documenten koopt!
Snel en makkelijk kopen
Je betaalt supersnel en eenmalig met iDeal, Bancontact of creditcard voor de samenvatting. Zonder lidmaatschap.
Focus op de essentie
Samenvattingen worden geschreven voor en door anderen. Daarom zijn de samenvattingen altijd betrouwbaar en actueel. Zo kom je snel tot de kern!
Veelgestelde vragen
Wat krijg ik als ik dit document koop?
Je krijgt een PDF, die direct beschikbaar is na je aankoop. Het gekochte document is altijd, overal en oneindig toegankelijk via je profiel.
Tevredenheidsgarantie: hoe werkt dat?
Onze tevredenheidsgarantie zorgt ervoor dat je altijd een studiedocument vindt dat goed bij je past. Je vult een formulier in en onze klantenservice regelt de rest.
Van wie koop ik deze samenvatting?
Stuvia is een marktplaats, je koop dit document dus niet van ons, maar van verkoper ankitchaudhary. Stuvia faciliteert de betaling aan de verkoper.
Zit ik meteen vast aan een abonnement?
Nee, je koopt alleen deze samenvatting voor €7,57. Je zit daarna nergens aan vast.
Is Stuvia te vertrouwen?
4,6 sterren op Google & Trustpilot (+1000 reviews)
Afgelopen 30 dagen zijn er 81311 samenvattingen verkocht
Opgericht in 2010, al 14 jaar dé plek om samenvattingen te kopen