Advvance tax to be considered in TDS

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

13 May 2011 Whether Advance Tax paid by the employee will be considered while computing the TDS on his/her salary.

Please guide me.

CA MANOJ GUPTA

CA MANOJ GUPTA (Expert)
Follow

13 May 2011 obviously yes
ca manoj gupta
jodhpur
09828510543

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
Follow

13 May 2011 Generally employees dont pay advance tax as TDS is deducted from their salary. In case advance tax is paid by the employee the amount of TDS to be deducted will be reduced by the amount of advance tax, on submission of photocopy of challan ITNS 280 to employer.

Upgrade to CAclubindia Pro. Subscribe Now!