01 May 2014
If an employees salary is INR 12000/per month But he has invested in society (called Thrift and credit society ) and that much amount was invested by his father. And he get the maturity amount with Interest in his bank account INR 2 lakh. So will employer liable to deduct the TDS on his salary . While he did not declare his investment in the declaration form. Kindly help me
01 May 2014
if you are not declare the intt. income or other income in declaration form. then employer cannot know your income. then cannot deduct the TDs on income.