Salary taxation

Efiling 707 views 3 replies

john

LEARNER

554 Points Joined November 2009

most of the salary return are filed based on the Form-16, aproxx 90% or the salary-returns are filed the same way by consultants and by employees themself through online websites.

but in definite most cases there are interest on the income being credited to the banks, and many other such incomes.

Q. when the employee informs his other source of incomes to his employer to be included in the Form 16 and there by deduct his tax, in such a case do the employer has any rights to discard his request,

if no what action can be taken in such regard..

Replies (3)

Deepesh Jain

C.A (May 11 Batch)

104 Points Joined November 2008

If details provided the employer is under obligation to duduct

Guest

Other income reported by the employee can be shown in form 16 and taxed then and there. As far as loss is concerned only House Property's Loss can be shown and computed.

NIDHI PARKASH

Suptdt.

41 Points Joined April 2010

someone as ddo is responsible for the deduction of income tax at source from the salary of employees say teachers etc. but one teacher retired and re-employed as guest teacher did not sign the income statement not submitted his savings for the rebate of income tax but he refused that he have no money for to deposit income tax in office. He took 60% arears of 6th pay commission but he requested not to deduct his income tax from his arears because he have made arrangement as savings etc. for tax saving. Now his period of as guest teaching has finished and he refused to pay income tax saying that he hd no money to pay.

May kindly suggest how income tax may be recovered by the DDO from such a irresponsible retired teacher; yet the form-16 will have to be issed by DDO in respect of this teacher.

Suggestions are invited.