07-10-2010, 05:31 PM
As per my understanding this limit of Rs. 15,000 for salary payment is cash was for the period when taxable income was starting from 200k and now when it is starting from 300k it would be 25,000 as no tax is to be deducted from the payment of 25,000 to an employee. If anyone opposes please comment. Need to be confirmed so that we could move forward with a thorough understanding.
Please comment on it.
Regards,
Shahzad
Please comment on it.
Regards,
Shahzad