Hi - our senior manager is leaving our company. His salary is INR 556,500 per year (INR 46,375 per month). He will be paid INR 88,500 on June 30 (in his final salary) which includes his June salary, bonus and unused annual leave. He was paid INR 46,375 gross salary for both April and May so his year-to-date salary will be INR 181,250 for the 3 months ending 30 June.
He has not provided us with any declaration regarding his savings, investments or sums qualified for deduction or exemption under salaries.
He has been preparing and approving everyone's salaries, including his own. I would like to know, please, if we should (or must) deduct TDS on his June salary (and also his April and May salary) and pay it to the Income Tax Department. Thank you.
He has not provided us with any declaration regarding his savings, investments or sums qualified for deduction or exemption under salaries.
He has been preparing and approving everyone's salaries, including his own. I would like to know, please, if we should (or must) deduct TDS on his June salary (and also his April and May salary) and pay it to the Income Tax Department. Thank you.