banner_ad

very urgent

This query is : Resolved 
Profile Image

Profile Image

(Querist)
29 July 2010
1.If an employee has worked in co.x for a month in april and the co.x did not deduct any tax?
Do the employee need to pay interest under u/s.234b,c as the tax to be decduted exceeds Rs.5000?and he will pay the self asseessment tax after considering the total income but my question do he need to pay interest?
I feel it should not be calculated as its not the fault of the employeee?

2.For Co.y he worked from may to march 2010 wherein the tds was deduted for 11 months?
Profile Image

CA. Pradeep Nayak

Profile Image

CA. Pradeep Nayak (Expert)
29 July 2010 The liability to pay advance tax will arise only if the tax payable exceeds Rs. 10,000 and not Rs. 5,000.

Hence if the self assessment tax payable is less than Rs. 10,000/- interest u/s 234B and 234C doesnot arise.

Also there is no liability on Co. Y to deduct tax on employees income from previous organisation as he has not disclosed the same to the new employer.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details