07 June 2010
Sir, As a company deducted Tax from employee from his taxable salary but employee has already paid some amount of tax in his personal name in self assessment challan but as a company we have deducted less tds which he has already paid via self assessment challan now at the time of issuance of his form16 Tax payable arrive in tax computation and we are unable to consider his self assessment challan in companies TDS return and form 16 hence you requested kindly provide solution of above query at the earliest.
Just show the diffrence as Tax payable in the Form 16, as u said the difference is already paid by the employee within the FY.So there will be no problem on your part- I guess. However ask your employee not to pay any tax on salary income as u r there to deduct that at source.
CAclubindia
