24 January 2014
As Employer is eligible to deduct Tax u/s 192 of Income Tax Act, 1961, but in case if employee doesn't wants to get his Tax deducted and he desires to deposit the same online/offline as Advance Tax. Is this treatment is correct or employee can do the same ? Please reply with a related circular no or section of Act. Thanks in advance
24 January 2014
Under section 192 the employer has to deduct TDS from salary in accordance with the provisions of the section. For assessment year 2014-15, refer circular No.08/2013 dated 10.10.2013.
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