Company dedeucted less tds from employee salary
This query is : Resolved
varun gupta
(Querist)
26 May 2009
If a companty deducts TDS from an employees salary much less than his actual liability, who will be liable for this? Will the employee required to deposit the balance amt or company will be liable to deposit it?
CA.Tarun Maheshwari
(Expert)
26 May 2009
Employee will have to deposit the balance tax at the time of filing of his ITR, but the company can also be penalised for non compliances of TDS provisions.
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