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TDS on salary

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Querist : Anonymous

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Querist : Anonymous (Querist)
21 January 2011 if average TDS per month comes to Rs45000. And accountant of the company only deducting Rs20000. on asking, accountant says that on 1 april,, he has no knowledge of increments during the year in salary... therfore the difference is arising... in this case will company is liable for punishment...????
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
21 January 2011 If the requisite tax is collected within the year end then there would not be any penalty on the company.

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