MATTER OF PENSION

[Rajeev Khulbe]

good morning to all experts,

                             can you please told me that supoose a man rec. pension per month 20000. and he also do job in a private limited co. his salary is 25000. than  private co. will deducted tds only salary . than what is the role of pension. in his case

[Vivek Harsh]

As far as my knowledge goes co. will deduct tds only on the salary of 25000 and the authority making payment of pension will deduct tds on it.

AI Summary

Tax withholding on multiple income sources: each payor must deduct tax on the payments they make to the recipient. Each payor must withhold tax on the payments it makes: the employer withholds tax on salary, and the pension-paying entity separately withholds tax on pension payments.