Tds

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Bhausaheb Mandale (Querist)
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31 May 2016 company has deducted tds on super annuation fund payment made to employees and rate of tds calculated by taking average rate of last three years income and last three years tax, now short deduction notice has been received so what process we have to do.company doing same practice from 2008-09,so tell me is it right?? and if not how to calculate tds on payment of superannuation fund???

Rupesh Jain

Rupesh Jain (Expert)
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31 May 2016 tds is not applicable on the retirement. you have to deduct the tds as this is the current year income. your calculation is regarding the Relief under the income tax act to assesee not to TDS related.

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