Tds deducted by previous employer

This query is : Resolved

Vijayalakshmi (Querist)
Follow

02 May 2012 The tax liability of Mr. X working in ABC Ltd is Rs. 30,000. The previous employer of Mr. X has excess deducted TDS from Mr. X to the extent of Rs. 10,000. Now the query is can ABC Ltd deduct TDS of Rs. 20,000 only from Mr. X since the remaining Rs. 10,000 is already been deducted by the previous employer? If yes, then where this TDS by previous employer to be shown in E-Tds quarterly returns 4? Please help me

Mahendra Kumar Soni

Mahendra Kumar Soni (Expert)
Follow

02 May 2012 Miss.. The Best Way 2 Solve such Things is Form 26AS.. See The Total Tax liability of Mr. X is Rs.30000/- Out of Which Rs. 10000/- is Already Deducted By The Previous Employer of Mr. X. Now We Require Just for a Further Deduction of Rs.20000/- as TDS.. The TDS Already deducted by The Previous Employer Will Not be Shown Anywhere in The Current ETDS Statement to be Filed By The Current Employer..As it is Already Submitted by The Previuos Employer in Thier ETDS Statement.. Now For Yor Safety as a Current Employer Ask Mr. X to Provide You a Copy of Form 26AS & You Just Verify The Same. GoodLuck :)

Guest

Guest (Expert)

02 May 2012 All we need is to give a declaration to the new employer regarding the tax deducted by the previous employer and he shall deduct tax accordingly.

Upgrade to CAclubindia Pro. Subscribe Now!