Tds on salary

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

01 January 2013 An employee whose salary is more than exemption limit in a whole but he join our company during the December month.

Are we liable to deduct TDS in this financial year?

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
Follow

01 January 2013 Yes, You are liable to deduct tax. Considering the old salary and TDS on salary , you have to deduct TDS. In case no Deduction was made by the previous employer, your company has to deduct that part of TDS also from the salary of employee.
.

Querist : Anonymous

Querist : Anonymous (Querist)

01 January 2013 Is there any need of Form 12 B

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
Follow

01 January 2013 Yes sir, you have to get Form 12B from the assessee employee to duly discharge your TDS obligations.

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