Loss from House property for Salary TDS

S.R.Babu Shankar (CFO) (106 Points)

02 February 2011  

One employee has submitted information about the income from house property showing rent and the interest paid by him resulting in net loss to his employer. Whether employer can consider this loss from house property and recalculate his TDS on salary income and deduct TDS, which will result in lower income tax.

Is employer complying with TDS rule by considering the loss from house property declared by employee. Please post your opinion