18 August 2012
IS IT REQUIRED TO DEDUCT TAX ON SALARY IN INSTALLMENT BY EMPLOYER AND IF EMPLOYEE REFUSE FOR DEDUCTION WHAT WILL BE THE PENALTY ON THE EMPLOYEE IF HE DEPOSIT ADVANCE TAX HIMSELF FOR THE PURPOSE OF SUBMISSION OF TAX?
18 August 2012
The duty of TDS from salary is on EMPLOYER. the goody goody ness of employee is of no use. If employer fails to deduct, he/she has to face the music. From employee's view point he/she can always pay tax at own. section 234 a, b, c shall always be desirous of coming to play with you.