Search in

Home News 34CBDT34

Read more interesting news from around the globe with Indianmoney App

Google Play
News Image

20% TDS if employee doesn't share PAN or Aadhaar: I-T dept

Saturday, January 25, 2020, 9:34 PM

Trouble and hardship is looming for those earning Rs.2.5 lakh per annum but have not provided PAN and Aadhaar details to the employer. This is consequent to the Income Tax Department asking employers to deduct 20% salary as TDS from all employees who fail to furnish PAN and Aadhaar details. This rule was formulated by the CBDT and came into effect on January 16.