Can investment declaration considered proportionately

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M Srijesh Kumar (Querist)
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31 August 2016 I need to calculate TDS on salary for 5 months (April'16 to August' 16) of an employee resigned from service. He has submitted his Investment Declaration in the month of April'16 and suggest me to give effect of Investment Declaration for 5 months during calculation of his TDS of five months salary.

Kindly guide me if I can do this.

Further, kindly refer the relevant section/notification, etc.

Thanks in advance.

Amol S Joglekar

Amol S Joglekar (Expert)
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31 August 2016 Since the person has resigned, please ask him to give the actual proofs of investment rather than relying on DECLARATION. and accordingly deduct the tax, as applicable.

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