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?

Rupesh Jain

Rupesh Jain (Expert)
Follow

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.

Message likes : 1 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now