Does the liability of the employer to deduct TDS (on salaries) still exists, if the employee pays advance tax on salary income & the balance tax payable by employee is zero ?
Further, if the employee has paid advance tax on his own & if the employer does not deduct TDS on his salary, will the salary expenditure of employer be disallowed U/s 40(a)(ia) ?
tds on salary should be deducted
The employer is still liable for deducting TDS in salary of the employee. If the employee has paid advance tax he has to inform the employer the payment of such advance tax and if he has not informed the same still the employer should deduct TDS on the salary paid to employee. Non deduction of TDS on salaries will not attract the provisions of Sec 40 (a)(ia)
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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