What if employee left the job in the middle of the year, then whether to deduct TDS after considering its total projected income for the full year or employer should deduct TDS only on salary paid to employee upto the date of termination.
Tanmay Kabra (Sr. Executive - Audit) (94 Points)
09 September 2016What if employee left the job in the middle of the year, then whether to deduct TDS after considering its total projected income for the full year or employer should deduct TDS only on salary paid to employee upto the date of termination.
namrata attal
(Student CA Final )
(49 Points)
Replied 09 September 2016
Employer is responsible to deduct TDS upto the date the employee is working for him. i.e, upto the date of termination. Employer has nothing to do with employe's total projected income bcoz employer employee relation come to end as soon as employee leave his job.
Bharath
(C.A,C.S)
(3983 Points)
Replied 09 September 2016
Hi,
No need to work out the projected income and all. The old employer will deduct taxes till the last salary and settlement amount paid. Thereafter the New Employer will deduct taxes.
Regards
Bharath
HARSHALA
(MBA)
(22 Points)
Replied 09 September 2016
CAclubindia
