Basic methods to deduct TDS in Salaries

Dedcut TDS only on the basis of details and douments available with u and provided to u by employees. Suppose they do not co-operate with u for providing tax saving information. Then dedcut tax by assuming that they have no saving and other income bcoz u dedcut tax on the basis on information available with u only. Get pysical copy of all tax saving investment & income proof from all employees for record purpose.

https://law.incometaxindia.gov.in/DITTaxmann/IncomeTaxRules/pdf/itr62Form12B.pdf

 

Handover the form 12B, to employees ask them to submit it now and in resubmit in case of any change during the year, and in absence of form 12B, deduct tax on whole salary, 

the ultimate responsiblity is on the employees to provide the information of their saving and income to you and save their tax. ur resposibily is just to ask them and dedcut tax. If they not provide infor. to u and not co-operate with u u can't do anything. they also claim deduction for their saving at the time of retrun filling.

Agreed with Mr. Amit. Do the same exercise. dont take unnecessary tension.

waise bhi excess deduction is not an issue. And abhi to 10 months are lefts in FY 2011-12

agreed with amit

deduct tax on whole salary if they are not giving detail

yes agreed the amit suggestion

Sir,

I am Working in Private firm in Accounts Dept.

In the Financial Year 2009-10, by mistake I gave Total Turnover with Tax instead of Taxable turnover (both sales 12.5% & Purchase 4% & 12.5%) in Form No. 13A for getting Form No.13 (Audit Report).

We have an Auditor and before filing this Statement, we gave the backup of the said year to him. Also we gave a fair copy of Audit Statement to him. From that he prepared the Audit Report. The mistake is happened only in Audit Statement form no.13A and not in our accounts (backup). I think he have checked only the statement not the backup.

But, Now i got an intimation letter from VAT authorities showing that my accounts are not kept proper. and I have to attend a hearing on 25.05.2011.

Is there a chance to file the revised Audit Statement of Form No.13A now. if yes, is there any fine for the re-filing.

Please help me sir...

get in touch with auditor, and ask for a consolidated clarification sheet to be produced at hearing

Dear Friends

Tension lene Ka nahi,

For ensuring smooth TDS deduction, follow these steps: -

1) Prepare the comprehensive declaration and distribute it among the all employees in beginning of the year, who fall above the exemption limit

2) Give the deadline to them to submit these declarations with complete particulars of there savings, investments, housing loan etc etc

3) Consider nil saving for the employee, who did not submitted the declarations.

4) Calculate the tax liability of all employees according to the declaration and divide it in 12 equal installments.