Hi,
can anyone help me out
An employee joined my organization on 5th October he is eligible for TDS.
He has not paid any Tax in his previous organization. so he cant provide Form 16 to us. Now in this situation how do i need to compute tax for the financial yr 07-08 for this particular employee?
1) Do not consider about the past, just to calculate for what we pay him
OR
2) Consider his previous compensation and present compensation calculate Tax for total amount?
If am taking the first option can i get the proofs of investments he made during April 07 - Sep 07... is that liable?
Thanks in advance
pradepa
can anyone help me out
An employee joined my organization on 5th October he is eligible for TDS.
He has not paid any Tax in his previous organization. so he cant provide Form 16 to us. Now in this situation how do i need to compute tax for the financial yr 07-08 for this particular employee?
1) Do not consider about the past, just to calculate for what we pay him
OR
2) Consider his previous compensation and present compensation calculate Tax for total amount?
If am taking the first option can i get the proofs of investments he made during April 07 - Sep 07... is that liable?
Thanks in advance
pradepa