27 April 2013
It is the optional to the employer. Employer need not to insist on the employee to submit his personal investments and incomes etc.... If the employee voluntary submitted his personal income and investment details then employer shall consider them for the purpose of deduction of TDS. But employer may give the option to employee to submit the details.
If employee doesn't submitted any of his personal savings and income with the proof of evidence then employer shall consider the information available with him and computed the tax liability and deduct TDS.