Monthly tds on salary

This query is : Resolved

dheeraj kumar (Querist)
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19 August 2014 Suppose a employee has a salary of 600000

In the month of June 2013 he says to me that do not deduct tds as he has enough savings/HRA to be claimed

In the month of February 2014 he says that due to some reasons he could not invest as per his commitment neither he is providing any tds receipt

he says that deduct tds as much as you want from months of Feb & March

Now tds liability for the person is

600000
less conv allwanace 9600

taxable salary 590400

tax liability 49525

now i have deducted total tds in two months of feb & march

whether any interest liability will arise on employer's part as no tds was deducted during first 10 months(Apr to Jan'14)

pl confirm

CA Devanand Jethanandani

CA Devanand Jethanandani (Expert)
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19 August 2014 Dear Dheeraj,

No, there will be no interest liability for the said period of 10 months. Interest will be applicable from the date tax deducted to the date of payment (if it is not deposited with gov. within due date)

Make sure all other exempted allowances are taken into account while deducting tax.