Tds on salary

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

21 March 2012 Hi All,

I am working as an accountant in NGO. i had collegue working with me who joined in june and his contract got terminated on last day of Feb.he was earning 35,000 of salary. he used to got 34656 salary tds was 344.this was as per his statement.But when i read it the total tax paid by him his 4305 as per tax computation of his statement. I have already paid his tax. Is this correct ? If not what should I do ?

Also let me know what is next to be done after payment of TDS Challan ? How to isssue him tDS certificate ?

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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21 March 2012 The excess tax paid by the employer shall be claimed as refund by the employee by filing an income tax return.

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Querist : Anonymous

Querist : Anonymous (Querist)

22 March 2012 ok. thank u so much to reply .
But as per his computation of tax he was liable to tax of rs. 4305 but his monthly TDS on salary was deducted only Rs.344.
Please help.

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CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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24 March 2012 What was the total amount of TDS deducted during the year?

Querist : Anonymous

Querist : Anonymous (Querist)

25 March 2012 TDs 344 x 9 months = 3096

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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28 March 2012 You mean to say that the tax liability comes to Rs. 4,305/- but the employer deducted TDS of Rs. 3,096/- only.

The balance amount of Rs. 1,209/- should have been deducted at the time of Full & Final Settlement.

If the Full & Final settlement has not been done yet, you can deduct the tax and deposit the same.

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Querist : Anonymous

Querist : Anonymous (Querist)

03 April 2012 thanks siddhartha ..

his final settlement is done ..and he is ignoring to pay the amount ?

what are the other ways to deal adjust the amount ??

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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04 April 2012 Try to settle the matter amicably. Tell him that he will have to pay the tax at the time of filing the return. He will also have to pay interest on the same.

So pay it to us, we will give you a Form 16 for the same.

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