Deducting income tax on yearly salary
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 May 2014
Hi
I have a rather unique question regarding deducting income tax. I have worked in a company for only April 2014( in the new FY). However the company deducted income tax considering my annual income.
1) Should they have deducted tax considering only one month's income?
2) Can they refund the extra tax deducted in my F&F Settlement?
I have a rather unique question regarding deducting income tax. I have worked in a company for only April 2014( in the new FY). However the company deducted income tax considering my annual income.
1) Should they have deducted tax considering only one month's income?
2) Can they refund the extra tax deducted in my F&F Settlement?
Rupesh Jain
(Expert)
21 May 2014
r/sir
company make calculation the tax in april -14
then they not know about the employee,
what period he server to company.
they deduct TDs on annual salary basis.
so they can not refund the TDS if excess deducted. you can file the ITR and get the refund.
company make calculation the tax in april -14
then they not know about the employee,
what period he server to company.
they deduct TDs on annual salary basis.
so they can not refund the TDS if excess deducted. you can file the ITR and get the refund.
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