12-14-2008, 07:17 PM
first query yes, but this tax is treat as minimum tax for a person other than company i.e. no refund can be claimed against this tax.
second query employers are required to submit statement of tax deduction from salary because otherwise the salary expense would be inadmissible hence if an employee is only earning salary income (and so not separate return of income is required) the company is not doing him any favour per se.
second query employers are required to submit statement of tax deduction from salary because otherwise the salary expense would be inadmissible hence if an employee is only earning salary income (and so not separate return of income is required) the company is not doing him any favour per se.
