Sachin Rajput (account exe) (593 Points)
05 January 2012Dear All,
Kindly request to u please let me know what should i do in this situation-
There is a employee in our company she joind in Aug and now she left the job. so she has worked only 5 months.
She salay is 58000.we didnt paid last month salary so whether i paid full salary or after deduted tds.nd till now i didnt deduted tds
Thanks to all
CA Neil Ganatra
(Partner - Gautam Joshi & Co.)
(871 Points)
Replied 05 January 2012
Dear Mr. Sachin,
Rs. 58000 is monthly salary or is the salary of 5 months that she worked? If it is monthly salary then you should deduct tax amount from the last month's salary and then pay the remaining amount to her. If it is salary for 5 months you not liable to make TDS.
Sachin Rajput
(account exe)
(593 Points)
Replied 05 January 2012
Dear sir ,
58000 is per month salary.but she commited to submitted documents of investment and HRA.
Then what shoul i do
DAdenwala
(CA)
(53 Points)
Replied 05 January 2012
I think it would be appropriate to remind her to submit the documents within a certain time limit, and then act accordingly.
CA Neil Ganatra
(Partner - Gautam Joshi & Co.)
(871 Points)
Replied 05 January 2012
Remind her to submit the details within 5-6 days or so or else you deduct tax from the salary anyhow she will get credit of that after all.
Anupam Bajaj
(Student)
(111 Points)
Replied 05 January 2012
Sachin Rajput
(account exe)
(593 Points)
Replied 05 January 2012
But Dear she didnt submitted her investment doucments yet.
Vineet Goyal
(Assistant Manager - Finance & Accounts)
(702 Points)
Replied 05 January 2012
I would suggest you to deduct TDS. If you do not want to deduct TDS, do not do F&F settlement and do not make provision as well.
CAclubindia
