Get ready to pay 20% of your salary as TDS if you don't provide PAN, Aadhaar details
- 406
- 3
-
- Last Comment
Get ready to pay 20% of your salary as TDS if you don’t provide PAN, Aadhaar details
Under the new rule, your employer may deduct 20 per cent of your salary as TDS if you don’t provide your PAN and Aadhaar details.
2 Comments
|
3 Dimers
- Sort By
https://www.desidime.com/discussions/get-ready-to-pay-20-of-your-salary-as-tds-if-you-don-t-provide-pan-aadhaar-details?page=1#post_6467580
Sec 206AA has been in force from 1st April 2010 (yes 2010) and requires flat rate deduction of tax where PAN is not provided. Either the correspondent is a lazy idiot who did not even check the basic facts or the news has been planted with political motives.
The Jan 16 reference is possibly to the ready-reconer the IT dept issues every year for the benefit of salary TDS making organisations.
Click here to reply
Any salaried person working in even a half decent organization should already have his pan registered with organization for tds purpose so I guess it only affects those shady employers/organizations doing tax evasions in the form of fraud tds.