Consequenses for short deduction&payment of tds with example

This query is : Resolved

Report Abuse Follow Query Ask a Query

Querist : Anonymous

Querist : Anonymous (Querist)

20 August 2013 sairamadithya831@gmail.com

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
Follow

20 August 2013 Generally it happens when a salried person joins in mid of the year and he was also receiving salary from other employees and that salary is not reported to the new employer.

Salary from April to June received from old employer 1,20,000
Salary from August to March, with new employer is say 2,40,000

In both the cases the income is below taxable for woman

But if it is added together then TDS is to be deducted

Non deduction is less deduction and deduction in March on the entire salary is to be deducted and paid is payment of TDS on short deduction

Online classes for CA CS CMA