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Tds related query

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Guest (Querist)
26 June 2013 if employer not deducted TDS as well as not deposited but the same has been deposited by the employee within 31st of July , then in this situation, what will be the cosequences? Is, employer has to pay the TDS with interest or only interest amount
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
26 June 2013 The employer can be treated as an assessee in default as he has failed in discharging his TDS obligation.
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However, w e f 1-7-2012, the situation has changed. In the changed scenario , the employer is liable to pay interest only.
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Interest is payable on the amount of TDS, from the date when TDS was deductible to the date when return is filed by the employee.
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