Tds on salary ....
This query is : Resolved
05 December 2015
Dear Experts
Pls clear me about responsibility of TAX
Example :- Employee A(Age 70years -Retired with pension of Rs 15000pm) working in XYZ company & also taking salary of Rs 27500/-pm
Is it XYZ liablity to deduct TDS on salary (Salary + pension)?
Ot it is Employee ,s liabilty to pay income tax himself ?
Problem is
Employee is not declaring pension income to present company XYZ
Also he is not filling return himself
Pls clear in details
Thanks
Pls clear me about responsibility of TAX
Example :- Employee A(Age 70years -Retired with pension of Rs 15000pm) working in XYZ company & also taking salary of Rs 27500/-pm
Is it XYZ liablity to deduct TDS on salary (Salary + pension)?
Ot it is Employee ,s liabilty to pay income tax himself ?
Problem is
Employee is not declaring pension income to present company XYZ
Also he is not filling return himself
Pls clear in details
Thanks
05 December 2015
1 XYZ company's liability is to deduct TDS on salary only.
2 Either it is liability of employee to pay tax himself or request the company to deduct additional TDS on pension.
3 Employee has to file the return and pay taxes.
2 Either it is liability of employee to pay tax himself or request the company to deduct additional TDS on pension.
3 Employee has to file the return and pay taxes.
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