Dear Experts,
Kindly resolve my query.I am working in a multi-national company head-quartered in Mumbai.In FY 2013-14,I was paid salary for only 3 months.But my employer(Company) deposited TDS for FY 2013-14 on my salary of 6 months.As for the remaining 6 months,I attended office regularly but the employer neither paid salary for 6 months nor deposited TDS on remaining 6 months salary.
However,in FY 2014-15,the company paid salary of only 6 months,and that too after a delay of 1-2 months from the due date for each month's salary.
When I got a copy of Form-16 from my employer for FY 2013-14,I observed that it is totally different from the Form-16 of FY 2012-13.I am not able to understand whether my company has taken into consideration,the interest paid on my home loan during FY 2013-14,as the TDS certificate for FY 2012-13 showed deductions for Interest paid towards home loan,whereas TDS certificate for FY 2013-14 doesn't show that separately.
When I tried to clarify this from the Finance Department of my company,they said that they have done the necessary deductions.But I really doubt that because my people from Finance Dept. of my company resigned during the time when company audit was going-on.
Hence,my query is : Can a Taxpayer(employee) verify online or by any other mode whether the employer made necessary deductions for home-loan interest while paying TDS on my salary for FY 2013-14 ?
If my employer has failed to make necessary deductions for interest paid towards home-loan for FY 2013-14,how can an employee(Tax-payer) get it rectified ? What is the limitation period for raising the request for such rectification with the Income-Tax Department ?
Furthermore,my employer has convenient evaded paying 50% of the actual TDS on employees salary for FY 2013-14.Whereas he continues to give us salary for 6 months in FY 2014-15.Kindly let me know whether this is legal? We still haven't been paid salary from October'13 - March'14 for FY 2013-14.
Whereas,the employer(Company) has paid our salaries till Dec,2014 for the FY 2014-15.
I am very confused what to do next !
Will I be penalized for the delay in payment of taxes for FY 2013-14,even tough the company has defaulted on payment of salaries & depositing TDS on unpaid salary for FY 2013-14 ?
Kindly advice.
Your's Thankfully,
Debojit Guha.
CAclubindia
