Res. Sir,
i m being employee earn salary 165000 gross and accordingly my company deduct tax sum of Rs.30000 per month on average salary presumption of the year.now the question is i left the job on 15th june-12 after working 2.5 months.accordingly i earn actual salary Rs.412500/-.I have not produced any proff for chapter VI-A and 80 D.accordingly my tax deducted Rs.60000/- for 2 month Rs.60000/-.after compiling data my actual tax liabilities comes to Rs.21640/-. so i claim refund of Rs.38360/-.(60000-21640)
but against company told me that on average salary base tds deduction concept your tax liabilities comes to Rs.90000/- and hence company will deduct Rs.30000/- additional above Rs.60000/- already deducted by company.as they say its a statutory requirement and create libility of company hence on the contarory i have to claim now 68360/- as refund.where actually my liability is only Rs.21640/-.
kindly guide me or suggest whether the procedure done by company is right as per incometax law.and what is the last solution so i dont get any finanacial burden.
enclosed my working of salary.pl.kindly refer and suggest
yogesh modi
+919825545045
mail-modiyogesh @ rediffmail.com
CAclubindia
