Hi! All,
As you know call center indusrty is suffering from high attrition rates and that poses a problem for us. We take a Tax declaration for savings to be made by a person at the time of joining and calculate tax accordingly. At the time of their leaving the company, they are asked to submit their tax saving papers. But they reply that we will invest in Feb, march etc. and they don`t submit the papers. So now the question arises:
Whether the final TDS should be calculated after considering their Declaration or should we ignore it due to non submission of papers?
no
you can not wait till feb.S.192 &CBDT circulars require tax to be deducted on equal amounts every month on estimated basis.
CAclubindia
