TDS on salary
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 May 2010
One of employee in our company left the job during the year, We were computing his TDS on the basis of declaration filied by him for Investment.
According to that Declaration form every employee should file their proof of investment in the end of F. Y (M/o March)
Since one employee left duing mid year, we dont have proof of his investment.
Please let me know about our TDS liability ? I mean can we conisder his declaration as final or we have to deduct more TDS without considering his Declaration for investment ?
According to that Declaration form every employee should file their proof of investment in the end of F. Y (M/o March)
Since one employee left duing mid year, we dont have proof of his investment.
Please let me know about our TDS liability ? I mean can we conisder his declaration as final or we have to deduct more TDS without considering his Declaration for investment ?
Guest
Guest
(Expert)
27 May 2010
You should to deduct TDS without consider the investment part.
Note: TDS is not attract as on assumption basis. So, whatever you've in hard copy as in investment proof thn consider only that basis..!
Hope this info is suffice to you.
Note: TDS is not attract as on assumption basis. So, whatever you've in hard copy as in investment proof thn consider only that basis..!
Hope this info is suffice to you.
Message likes :
1 times
27 May 2010
.
If he provided investment proof to you , then you can give credit of investment otherwise deduct tds on total salary without considering any investment for which he has not given any proof
If he provided investment proof to you , then you can give credit of investment otherwise deduct tds on total salary without considering any investment for which he has not given any proof
Message likes :
1 times
27 May 2010
AGREED. If he provided investment proof to you , then you can give credit of investment otherwise deduct tds on total salary without considering any investment for which he has not given any proof
Rahul Gupta
(Expert)
28 May 2010
Agreed. I am the sufferer of this 2 years back. Till date refund of 25,000 is pending....what to say..........
28 May 2010
DEAR RAHUL,
IF PERSON LEAVES THE JOB AND DO'NT SUBMIT THE PAPAER TO EMPLOYER, THEN EMPLOYER HAVE TO DEDUCT TDS ON IT. IN SUCH CASE, EMPLOYEE SHOULD GIVE DATA AND TDS DEDUCTED FROM PREVIOUS EMPLOYER TO NEW EMPLOYER. HE WILL CONSIDER IT FOR CACULATING OF TDS FOR BALANCE MONTHS.
IF PERSON LEAVES THE JOB AND DO'NT SUBMIT THE PAPAER TO EMPLOYER, THEN EMPLOYER HAVE TO DEDUCT TDS ON IT. IN SUCH CASE, EMPLOYEE SHOULD GIVE DATA AND TDS DEDUCTED FROM PREVIOUS EMPLOYER TO NEW EMPLOYER. HE WILL CONSIDER IT FOR CACULATING OF TDS FOR BALANCE MONTHS.
Rahul Gupta
(Expert)
28 May 2010
Thanks Mr. Bansal. I totally agree with your view. I know this, I am just saying that I am sufferer of this situation..haha
Thanks a lot.
Thanks a lot.
28 May 2010
OK, SIR,
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