TDS is deducted and paid after the Financial year for salried employee.full tax is paid after FY by TDS by employeer.During FY year no tax paid by advance tax.whether 234B is applicale.
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Interest under section 234b
Replies (2)
Did employer paid TDS with interest, for the corresponding period?
Check your form 26AS....
Finally what is your tax liability for the PY?
Yes employer paid tds with interest for non deducting TDS during the financial year.TDS deducted in march and paid with interest to department.
After taking credit of TDS tax payable is Nil.
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