08 July 2014
If a company deducted less TDS and the employee paid the diffrence amount of TDS in cheque to the company and the same does not reflect in 26AS ,can the employee benifit from the amount paid by him? Also if he has paid a bond amount to the company for relieving him,what is the effect on income tax him.?
08 July 2014
The amount given by employees to the employer can not b claimed by the employees. If the employer furnish the return for the same then it will reflect in 16A and 26AS, so it can b claimed by the employees.
08 July 2014
Employee is not eligible for any benefit under income tax for the bond amount given to company.
In case employee has paid the differential TDS amount to company, then company might have deposited the same to TDS department and effect of same will come to employee's 26AS AFter company files the correction TDS return with department. Company is also under obligation to furnish TDS certificate to employee for all TDS deducted.
08 July 2014
Employee is not eligible for any benefit under income tax for the bond amount given to company.
In case employee has paid the differential TDS amount to company, then company might have deposited the same to TDS department and effect of same will come to employee's 26AS AFter company files the correction TDS return with department. Company is also under obligation to furnish TDS certificate to employee for all TDS deducted.
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