Salary

This query is : Resolved

GANGADHAR BASAWARAJ CHAKOTE (Querist)
Follow

07 September 2009 Is it compulsory for the employer to get the details from the employee relating to his investments falling u/s. 80C, or the employer is free to assume that the 80C limit of Rs.100000/- will be utilised by the employee, while computing the TDS on salary?

Rajesh

Rajesh (Expert)
Follow

07 September 2009 You should have to take any declaration form the employee regarding this investment 80C and take is as provisional while calculating the TDS Liability during in his service period.

But, No provision will be applicable while employee want to quit form organisation in this case you have to demand original or deduct the TDS laibility from his full & final

Message likes : 1 times