I am praveen from bangalore.My company has deputed some of our candidates in LGSI.We pay salary to them which is reimbursed by LGSI.
Should they deduct TDS on it or it is case where TDS is not applicable for reimbursement of expenses and whether service tax is applicable for reimbursement of food expenses.
An employee drawing Rs. 25000 pm as salary, Employer has to deduct TDS assuming that he don't have any investments done.
Other thing, once the employee joins pls take from him Investment declaration form. Based on the Investment made, you will know what would be the amount of deduction.
My employee is being paid take home salary as Rs. 70K per month. To my knowledge, he'll need to pay TDS at the rate 0f 30.3%.
Now, if he produces house rent receipts amounting to Rs. 16K per month as for HRA exemption, Rs. 1250 as medical, how much TDS he'll need to pay now??
Please provide me with calculations.
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