07-25-2011, 06:24 PM
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by talha.moin</i>
<br />Thanks for the advice and all the guidance.
So, it means if someone joins us in June and we pay him 250k in June as salary and he doesn't give info about his previous employment, we will not deduct tax as it's not exceeding 300k during the tax year with us. Am I right?
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Yes, sure.
However, for further safeguarding your organization, you may take indemnity letter from your employee. Wherein employee will undertake that he has represented that his Salary income for the year is below taxable limit and the company should not deduct tax. If the company suffers any loss or expenditure for this non deduction it may deduct it later from employee's salary
<br />Thanks for the advice and all the guidance.
So, it means if someone joins us in June and we pay him 250k in June as salary and he doesn't give info about his previous employment, we will not deduct tax as it's not exceeding 300k during the tax year with us. Am I right?
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Yes, sure.
However, for further safeguarding your organization, you may take indemnity letter from your employee. Wherein employee will undertake that he has represented that his Salary income for the year is below taxable limit and the company should not deduct tax. If the company suffers any loss or expenditure for this non deduction it may deduct it later from employee's salary
