TDS on salary

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

10 February 2011 Can excess deduction of tax on account of one employee from the salary be adjusted with respect to TDS on salary of other employees?

Please clarify with respect to IT provisions.

CA Shailesh Kumar Bhagat

CA Shailesh Kumar Bhagat (Expert)
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10 February 2011 What do you mean by inter -employee adjustments? TDS is deposited as a wholeand deposited against each employee PAN.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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10 February 2011 incase you are not filed TDS return you can adjust between them if both are in mutual understanding. after filing return, possible only through correction return

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