My query is: If the salary for an employee is more than basic exemption limit, is it compulsory for the employer to deduct tds even if the employee himself paying taxes regulary. Further, is it possible for employer to deduct tds on an employee for the last year salary though there is no notice issued to the employer from the Income Tax department.
Thanks in advance.
Menu
TDS on salary
Replies (1)
In case of TDS on Salary Tax is calculated on the total income of the year and than devided by the number of month,so if there is any unadjusted amount of tax it can be adjusted in the last month, but if it is not adjusted in the last month than interest is required to paid and it can be paid by the Assessee also.
Recent Topics :
- TDS ON IMMOVABLE PROPERTY - PURCHASE FROM NRI &
- Query to Tax Garden tax consultant
- Subject: Urgent Assistance Required – TRACES
- Claiming business re-imbursements while filing GST
- E-waybill 14 Digit Numbring
- Non filing of MGT-14 for MD appointment
- HUF AFFIDAVIT vs HUF DEED - REQUIREMENTS & STA
- Free Pre-Filing Tool to Match GSTR-3B vs GSTR-2B (
- MR AASHOK KUMAR SHARMA
- NIC codes for FIRMS registration of entity
Related Topics :
CAclubindia
