Salary return

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 February 2012 Dear sir
a proprietorship co. paid salary @ 19000/- per month to his employee. Company has no Tax Deduction account no. in this case
is any liability of tax on company or employee.

17 February 2012 since annual income is 2.28 lakh, TDS is requied to be deducted at source or alternatively saving detail (u/s 80-C) for 48000/-(Rs 2.28lakh -1.80 Lakh) may be required from employees

17 February 2012 If the employer ha not deducted TDS, then the employee is liable to pay tax on his income.

This will not absolve the employer from his liability and TDS and interest thereon shall be recovered from him.




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