My Client has received salary of Rs.72000/- per Annam since FY 2008-09 which is under basic exemption limit hence no tax was deducted & IT return has not filed.
Now he became permanent employee in fy 2013-14 but with effect from FY 2008-09. so, he will receive full additional payment (arrears) since fy 2008-09 to fy 2012-13 in FY 2013-14 which is near about RS. 11 Lacs. My question is that is TDS on full amount required? if yes how it is calculated? if no why?
CAclubindia
