A senior employee has left company having 3 months notice period,by serving only 14 days notice period, has completed whole calender month i.e. last day was 31 Jan, without proper handover and he doesn't want company deduct his TDS on salary as it was his last month with the company. What Law says considering whole scenario, Please guide.
7 Replies
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 04 March 2024
If his salary crossed the Taxable limit then deduct TDS on salary.
No matter he is working or leaving.
No matter he is working or leaving.
Yasaswi Gomes new
(Finance )
(4514 Points)
Replied 04 March 2024
TDS is applicable on Salary and not on resignation agreements.
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 05 March 2024
There is no such provision in law for non deduction of TDS on last month salary. If TDS is deductible on salary then if will be deducted on your last month salary also.
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 05 March 2024
Can You give with Details MY DEAR GREAT MR SABYASACHI MUKHERJEE SAAAAREY...
sabyasachi mukherjee
(27574 Points)
Replied 05 March 2024
Tax liability is cslculated on snnual.salary. On the basis of that tds liability for the last month is ascertained
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 05 March 2024
So if the TDS deducted on annual salary, the last month salary will also be included in annual salary and TDS will be deducted on that salary
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