25 July 2008
My company has short TDS deducted from my salary. Shall I pay shortfall now? How i will pay the same- with interest/penelaty? pls answer urgently as filling of date return is 31/07/08
25 July 2008
No problem. Whether they(company) have mentioned the shortfall of TDS in the Form 16. If yes, the employer will be in trouble. Otherwise now you can file your return and the auditor or TRP will assess your tax liability. According to that, you can pay now the balance tax if shortfall of tds deducted, like claiming the tax refund in case of tds deducted excessively.
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