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Excess TDS deducted from Employees

This query is : Resolved 

25 November 2008 We have deducted TDS from our employees without considering any savings (Medical allowance, sec 80C etc.,) Now some of our employees have resigned and they want to submit the investment & other proofs.

Is it possible for us to pay back the excess TDS deducted (already deposited to Govt)to the employees?

One of friend says we can't pay back the excess TDS, instead we can issue Form 16 by showing refund.

Please suggest.

25 November 2008 Your friends opinion is correct.


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