Hi,
One of the employee joined in the organisation middle of the year and he has drawn Rs.1,90,000 from previous organisation and Rs.2,00,000 from the current organisation for the FY 2012-13.
Should current organisation deduct the TDS. Please explain the reasons.
Thanks,
Satheesh
s, the employee's duty to declare his previous income to the current employer, based on that the current employer can deduct TDS,
if the employee fails to declare the same, even the employer asked the details, employer must keep sufficient records to prove
General practice is to consider only Current Employment,
But Standard practice and it is better to consider the entire salary for the said purpose.
Basically TDS is deducted on salary earned in the year but the same is not practically applied. It is the employess duty to declare the income while Tax is proposed to be deducted.
CAclubindia
