Regarding tds

This query is : Resolved

Neelesh Gupta (Querist)
Follow

09 April 2015 Hello Experts,

We have deducted TDS on salary of an employee however employee left after 3 month, total salary we paid Rs.88,500/- and deducted TDS.

Now while uploading TDS Return for 4th quarter, how should I mention his salary as it is below than the IT excemption limit of 2.5 lakhs.

CA John Abraham Austin ACA

CA John Abraham Austin ACA (Expert)
Follow

09 April 2015 No problems.

Straight away show the salary paid by you as Rs. 88,500/- and the TDS done by you.

It is not your concern that because of the employee left from service, the exemption limit has not crossed.

If the employee joined some other organization, it is his duty to make sure to incorporate his previous employment salary to this present er salary and pay the applicable tax.

You need not worry.

Message likes : 1 times

Neelesh Gupta

Neelesh Gupta (Querist)
Follow

10 April 2015 Thank you so much for your prompt reply, I have did the same.

so now the amount of tax which is payable is employees responsibility?

CA John Abraham Austin ACA

CA John Abraham Austin ACA (Expert)
Follow

10 April 2015 Not actually, it would be his new employer's responsibility to seek the details of his pay during the previous employment.
If he fails to do so, the employee by himself should make the payment.

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