Hi Everyone, My husband is working as a contractor here and working under umbrella company. Currently under temporary tax code and 20% tax they are deducting. He will be coming under 45% slab. Please help me on below queries.
1. When the actual tax code will be given and how they will deduct the pending tax amount.
2. What will be the impact if we go back before they deduct the complete tax amount? Expected tax to be paid around 25k
If anyone know the process pls guide. We are planning to go back by this year end.
Thanks in advance.
1. When the actual tax code will be given and how they will deduct the pending tax amount.
2. What will be the impact if we go back before they deduct the complete tax amount? Expected tax to be paid around 25k
If anyone know the process pls guide. We are planning to go back by this year end.
Thanks in advance.
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