Is it possible to a Salaried employee to receive full salary without deducting tax monthly and pay tax from his own account before the end of financial year.
Menu
Can a salaried employee pay his tax from his own account
Replies (6)
yes, pay self assessment tax before deducting tax u/s192
employer is under obligation to deduct tax at source from salary if it exceeds exemption limit. so TDS wud be made by employer. however in case TDS is not made then you need to pay self assessment tax before filing return of income
No he cant TDS is compulsory
AS PER SECTION 192...IT IS COMPULSORY FOR EMPLOYER TO DEDUCT TAX..IF SALARY EXCEEDS THE BASIC EXEMPTION LIMIT ....
can anyone tell me if the b.e.l exceeds and assessee paid self assessment/advance tax prior to deduct tax u/s 192B, making his net tax payable zero. even then employer is supposed to deduct tax??
please mention section, or case law
please mention section, or case law
no employer is not obliged if you pay tax as it wud amount to double deduction of tax. however if there's any shortfall then he will deduct tax
Recent Threads
- Form 16 format
- 17(5) Blocked ITC
- Transfer of equity shares to original owner
- Login credentials and payment acknowledgement not
- Export sales not realised payment not received fro
- Capital gain account amount utilisation
- Form 26QB – Section 194-IA: TDS on Full Cons
- Indexation Benefit available or not on Calculation
- Documents for return exhibition material
- Can I set off equity losses(both short term loss a
Related Threads
CAclubindia
