Excess TDS. Can be refund?

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Narendran (Querist)
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19 July 2007 Dear sir,

A company deduct excess TDS amount from a employee salary. But before paid such amount in the Central Government A/c, the employee found that TDS has been deducted as excess and demand the company for refund and the company also refund the same. now my question is whether excess deducted payment can be refunded to employee? plz explain.

Vinod Kashyap

Vinod Kashyap (Expert)
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20 July 2007 Yes. If you have not yet deposted the TDS you can calculate the correst amount of TDS on Salary and deposit the same. The Excess TDS deducted from employee's salary can be refunded to him. However, if the TDS has been deposited then you can adjust it in TDS to be deducted from future Salary to be paid during the current financial year.