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tds from salary

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24 December 2010 our co. not deduct tds from our salary if our annual income is more than IT rule? any penalty charged to our company? if yes than how much? who is responsible for it our Director or accounts manager as per IT act.
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CA Ashok Kumar Sahu

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CA Ashok Kumar Sahu (Expert)
24 December 2010 IF TDS NOT DEDUCTED ON TAXABLE SALARY THEN ALL SALARY PAYMENT ARE DISALLOW FOR INCOME TAX.

RESPONSIBLE PERSON IS AUTHORIZED PERSON FOR TDS DEDUCTION

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