Deduction of tds more than the prescribed rates
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 March 2016
Whether it possible for the salary income that TDS is deducted more than the prescribed rates because i have seen that in 26AS there are refund in salary returns i.e the companies deduct more TDS than the given rates, so is it possible that the companies deduct more tds for salaried employees?Thanks in advance
28 March 2016
Dear
This may be due to the other reason also.
The detail of deduction given by employee to the company may differ from what actual is the deduction.
i.e more investments in eligible deductions than informed to the company.
Companies never deduct TDS more than the rate prescribed.
They deduct tDS on the basis of information provided by the employee to them.
This may be due to the other reason also.
The detail of deduction given by employee to the company may differ from what actual is the deduction.
i.e more investments in eligible deductions than informed to the company.
Companies never deduct TDS more than the rate prescribed.
They deduct tDS on the basis of information provided by the employee to them.
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