Tds on salary
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 May 2014
If an employees salary is INR 12000/per month
But he has invested in society (called Thrift and credit society ) and that much amount was invested by his father.
And he get the maturity amount with Interest in his bank account INR 2 lakh.
So will employer liable to deduct the TDS on his salary . While he did not declare his investment in the declaration form.
Kindly help me
But he has invested in society (called Thrift and credit society ) and that much amount was invested by his father.
And he get the maturity amount with Interest in his bank account INR 2 lakh.
So will employer liable to deduct the TDS on his salary . While he did not declare his investment in the declaration form.
Kindly help me
01 May 2014
Show the amount of investment as gift from father. Then only the interest portion will be taxable.
Rupesh Jain
(Expert)
01 May 2014
if you are not declare the intt. income or other income in declaration form.
then employer cannot know your income.
then cannot deduct the TDs on income.
then employer cannot know your income.
then cannot deduct the TDs on income.
02 May 2014
As its not a declared income.An employer cant deduct TDS
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