Wednesday, May 8, 2013

Query: Tax Liability of salaried employee.

Query: Tax Liability of salaried employee.

Dear Professional Colleague,

 One of my client is an employee of Consulate General of Japan based in
 kolkata and is drawing a hefty package.

 The employer is neither deducting TDS from the salary nor is issuing Form
 16 nor is he issuing any monthly payslip. He is just issuing a certificate
 at the year end mentioning the total amount paid during the FY and the
 amount contributed towards PF. The monthly salary is credited to the Bank
 A/c of d employee.

 Now we need to file the IT return for the FY 13-14 wherein he is not in
 a position to claim deduction/exemption as there is no breakup of Salary
 Structure.

 Plz advice as to how we sud do the tax computation and whether we can
 formulate our own salary structure and claim deduction of Allowances accordingly.
 Thanks & Regards,
P K Agarwal.
Reply:1
Dear Mr P K Agarwal,
With regard to your below mentioned Query, I would like to advise you that,
rather than formulating your own Salary Structure, kindly look into his
terms of appointment. There would certainly be an appointment letter be
issued by the Organisation wherein the structure would have been mentioned.
If further evidence from the same could not be arrived at, than you can
also look into other evidence as in what other employees are doing for the
purpose of filing their returns.
Regards
Dipendar Daga

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