{"id":38467,"date":"2013-06-03T18:09:53","date_gmt":"2013-06-03T15:09:53","guid":{"rendered":"http:\/\/www.nationalturk.com\/en\/?p=38467"},"modified":"2013-06-03T18:09:53","modified_gmt":"2013-06-03T15:09:53","slug":"salary-slips-of-top-executives-in-india-to-be-scanned-for-deduction-of-tax-38467","status":"publish","type":"post","link":"https:\/\/www.nationalturk.com\/en\/salary-slips-of-top-executives-in-india-to-be-scanned-for-deduction-of-tax-38467\/","title":{"rendered":"Salary slips of top executives in India to be scanned for deduction of tax"},"content":{"rendered":"<figure id=\"attachment_38469\" aria-describedby=\"caption-attachment-38469\" style=\"width: 421px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-38469 \" alt=\"Salary slips of top executives of firms under IT scanner\" src=\"http:\/\/www.nationalturk.com\/en\/wp-content\/uploads\/2013\/06\/IncomeTax-India-Nationalturk-3.jpg\" width=\"421\" height=\"286\" srcset=\"https:\/\/www.nationalturk.com\/en\/wp-content\/uploads\/2013\/06\/IncomeTax-India-Nationalturk-3.jpg 468w, https:\/\/www.nationalturk.com\/en\/wp-content\/uploads\/2013\/06\/IncomeTax-India-Nationalturk-3-280x190.jpg 280w\" sizes=\"auto, (max-width: 421px) 100vw, 421px\" \/><figcaption id=\"caption-attachment-38469\" class=\"wp-caption-text\">Salary slips of top executives of firms under IT scanner<\/figcaption><\/figure>\n<h1>Income Tax department in India has decided to scan salary structure of top executives of big corporates and PSUs in the country for deduction of tax.<\/h1>\n<p>New Delhi, June 3\/Nationalturk \u2013 In a move aimed at increasing collecting of tax from high income earning people, Income Tax department in India has decided to scan salary structure of top executives of big corporates and PSUs in the country.<\/p>\n<p>Highly placed sources said Income Tax (IT) Department \u00a0has decided to strengthen its tax deducted at source (TDS) from salaries of the employees. \u201cIt has been decided to \u00a0further strengthen scanning of TDS from salaries to collect more revenue for the state exchequer\u201d.<\/p>\n<p>They said the statistics of the IT department revealed that \u00a041 percent of\u00a0 total tax collections in the country last year were generated from TDS category alone.<\/p>\n<p>Sources said IT department has asked its men and officials to focus on \u00a0full salary structure of top executives of big companies, Public Sector Units (PSUs) and those firms which employ a large workforce. \u201cThe IT sleuths have been asked to\u00a0 examine hidden tax opportunities in the perks and reimbursements made to top guns of big firms.<\/p>\n<h2>\u00a0\u2018Top executes earn more, pay less tax\u2019<\/h2>\n<p>There is a general feeling that top executes of big companies and PSUs earn more and pay very less tax as they hide their tax paying opportunities in the perks and reimbursements.<\/p>\n<p>Sources said IT department is also mulling\u00a0 to increase vigil to obtain tax from universities and educational institutions, which make payments to guest lecturers. \u00a0<\/p>\n<p>\u201cWe hope that by these measures, income tax collection (generation) will increase. This amount can be used on schemes meant for welfare and well being of people,\u201d a top IT official said.<\/p>\n<p><em>Write your comments and thoughts below<\/em><\/p>\n<p><strong>Faiz Ahmad \/ NationalTurk India News<\/strong><\/p>\n<p>&nbsp;<\/p>\n<!-- Error, Advert is not available at this time due to schedule\/geolocation restrictions! -->\n","protected":false},"excerpt":{"rendered":"<p>Income Tax department in India has decided to scan salary structure of top executives of big corporates and PSUs in the country for deduction of tax.<\/p>\n","protected":false},"author":732,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30,80,68,63,51,1,118,85,14],"tags":[52808,52804,40422,52819,52815,52805,52803,2546,47061,52816,52809,52806,52813,52812,52814,52810,52811,52807,52818,52817,37855],"class_list":["post-38467","post","type-post","status-publish","format-standard","hentry","category-asia","category-breaking-news","category-business","category-daily","category-economy","category-general","category-hot","category-media-news","category-world","tag-big-corporate","tag-collecting-of-tax","tag-educational-institutions","tag-guest-lecturers","tag-hidden-tax-opportunities","tag-high-income-earning-people","tag-income-tax-department","tag-india","tag-mulling","tag-perks-and-reimbursements","tag-psus","tag-scan-salary-structure","tag-state-exchequer","tag-strengthen-scanning","tag-tax-collections","tag-tax-deducted-at-source","tag-tds","tag-top-executives","tag-universities","tag-very-less-tax","tag-vigil"],"_links":{"self":[{"href":"https:\/\/www.nationalturk.com\/en\/wp-json\/wp\/v2\/posts\/38467","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nationalturk.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nationalturk.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nationalturk.com\/en\/wp-json\/wp\/v2\/users\/732"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nationalturk.com\/en\/wp-json\/wp\/v2\/comments?post=38467"}],"version-history":[{"count":0,"href":"https:\/\/www.nationalturk.com\/en\/wp-json\/wp\/v2\/posts\/38467\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.nationalturk.com\/en\/wp-json\/wp\/v2\/media?parent=38467"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nationalturk.com\/en\/wp-json\/wp\/v2\/categories?post=38467"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nationalturk.com\/en\/wp-json\/wp\/v2\/tags?post=38467"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}