Tag Archives: non furnishing of PAN

Employer not liable to deduct TDS @ 20% for non furnishing of PAN by Employees

By | January 27, 2016

Held TDS on salary shall be deducted in the manner specified under sec. 192 of the Act, after allowing basic exemption limit and deductions towards investments in savings scheme etc. Unlike other provisions of TDS, TDS on salary cannot be deducted by applying flat rate of tax on gross payment. Therefore, sec. 206AA provides for… Read More »