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Tax deduction from salary

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(Querist)
01 January 2011 If suppose any employee not made investment as per his Investment declaration in that case is there any provision for deduction %. Is there ant provision that the employee should get minimum salary after deductions. Pls guide
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B R Ramesh

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B R Ramesh (Expert)
01 January 2011 Hi

if the employee not made the declaration he will be paying more tax.

for this case there is no provision as per the income tax act 1961

only the way is if the excess TDS deducted from your salary.

later you produced the investment & savings & claim the refund of tax when you file the IT return .

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