Tax deduction from salary
This query is : Resolved
01 January 2011
If suppose any employee not made investment as per his Investment declaration in that case is there any provision for deduction %. Is there ant provision that the employee should get minimum salary after deductions. Pls guide
B R Ramesh
(Expert)
01 January 2011
Hi
if the employee not made the declaration he will be paying more tax.
for this case there is no provision as per the income tax act 1961
only the way is if the excess TDS deducted from your salary.
later you produced the investment & savings & claim the refund of tax when you file the IT return .
if the employee not made the declaration he will be paying more tax.
for this case there is no provision as per the income tax act 1961
only the way is if the excess TDS deducted from your salary.
later you produced the investment & savings & claim the refund of tax when you file the IT return .
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