About salary tds

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atul mane (Querist)
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13 April 2012 hi i am working in one educational institute i caught in big trouble for f.y-2011-12 see my senior accountant made the all calculatin of tds of our teaching faculty in april-2011 , after that he is left the job in aug , after that in nov-2011 our institute decided to give a 6th pay to all teaching faculty and implement it. but i dont know so much about taxation so i was deducted the same amount from all taching faculties salary which is continue form april. now after march-2012 their is a problem that some faculties tds is deducted less atleast 6 or 7 faculties now will have to pay income tax in a range of 1500 to 2000 and our c.a said now you will have to deduct this amount from april-2012 salary and pay it to goverment with late fees and our director sir's c.a said that you will fill up challan 280 of that particular faculties tick against self assessment tax and take a mentioned amount cheque from those respective faculties and paid it in goverment treasuary.there is no problem with this way.

now i am confuse because of two different openion from two diffrent c.a

what should i do and i am asking this query as on today dated-13/04/2012 .please help me out sir/ madam

thank you.

O.D.SHARMA

O.D.SHARMA (Expert)
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14 April 2012 Dear,Nothing to worry. This is institute's responsibility to deduct TDS & issue form 16 .Now You pay TDS & Let institute pay interest on it ( interest/Penality To be paid by institute for their failure to deduct TDS ).Finally if institute is reluctant to pay ,Then you have to pay by self assesment

atul mane

atul mane (Querist)
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21 May 2012 Respcted sir / madam,

now i am prepared form 16 for our teaching & non teaching staff for f.y-2011-2012,
after preparing form 16 now i got know that four of our faculties tds deduction i made less now in form 16 the some amount is showing payable by them . and now they all blame me. so leave this thing now i have a problem that what is the remedy for this what can i do now. can i paid that particular faculties amount to goverment treasuary from theire may 2012 salary or now it is fine to our institute because of our senior accountant who made all this calculation & left the job on jan-2012.
should there is any penalty or intrest for us on this remaining amount.

please suggest me the correct way
thanks.

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O.D.SHARMA

O.D.SHARMA (Expert)
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21 May 2012 Hi,Why didn't you did paid by 15th may 2012.You are very slow .Now you have to pay interest.Write more details to my ID to decide in detail for the issue.'odsharma_2005@yahoo.co.in'
Thx

atul mane

atul mane (Querist)
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21 May 2012 Respected sir thanks for u r help but sir
i am not slow i told to our accounts & finance manager about depositing the tds by 15th may but the problem is here is no one is intrested in genuin work every one is just passing time our a&f manager is on tour always he has to look after our 7 schools after him no one focused on accounts and i dont have any rights to get any dicision trustee's not listen to me director also ignore all thease things they r coming here only for taking monthly salary thats all u r said me slow but the situation here u dont know hence u said that it's ok

so thanks for u r help.

O.D.SHARMA

O.D.SHARMA (Expert)
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21 May 2012 Dear,
TDS is is a big issue.if you are not able to pay/Deposit in time penality is there.make sure all this you request to your Manager/Director thru mail.Any default/Penality will be then born by institute.Now pay the accurate TDS & add interest to it immediately.

atul mane

atul mane (Querist)
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23 May 2012 yes sir.

& thanks for your help thank you very much.