Preserve income tax records by employer


This query is : Resolved 

Quick Summary
Employers, including MNCs and third-party vendors, are legally obliged to preserve employee income tax records for a period of 6 years following the end of the relevant assessment year. This equates to a total of 8 previous years. This rule applies to all individuals and entities subject to income tax regulations.

(Querist)
15 June 2022 What is duration period for employer(an MNC or third party vendor) to preserve income tax records of employee as per income tax act ?

16 June 2022 Assessees are required to preserve the specified books of account for a period of 6 years from the end of the relevant assessment year, i.e., for a total period of 8 previous years.

shabeer khan (Querist)
16 June 2022 Here assesses are individuals or employers ? Please also refer legal provision

16 June 2022 This rule applicable to all assesses.


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