TDS on salary
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 January 2011
if average TDS per month comes to Rs45000. And accountant of the company only deducting Rs20000. on asking, accountant says that on 1 april,, he has no knowledge of increments during the year in salary... therfore the difference is arising... in this case will company is liable for punishment...????
21 January 2011
If the requisite tax is collected within the year end then there would not be any penalty on the company.
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