07 March 2008
Yes. HRA & LIC Prem. paid are taken into consideration at the time of deducting TDS. TDS on Salary are deducted on actual basis asif we are making its assessment and finding out the net Income Tax payable by him.
07 March 2008
YES ,THE EMPLOYER IS ENTITLED TO VERIFY AND ALLOW THE ELIGIBLE DEDUCTIONS TO THE EMPLOYEE FOR TDS PURPOSEINCLUDING LIC, HRA,EVEN HOUSING LOAN DEDEUCTIONS. ACCORDINGLY THE EMPLOYER DEDUCTS TDS AND ISSUE FORM 16 . R.V.RAO
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