Tds on salary

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

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

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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01 May 2014 Show the amount of investment as gift from father. Then only the interest portion will be taxable.

Rupesh Jain

Rupesh Jain (Expert)
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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.

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Hemanshu Rohitkumar Bakshi

Hemanshu Rohitkumar Bakshi (Expert)
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02 May 2014 As its not a declared income.An employer cant deduct TDS