Hi,
If the employee has paid advance tax in a financial year and deposits the challan with the company then can the company consider the Advance tax and lower the amount of TDS by the advance tax.
Thanks,
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Tds liability of company
Replies (3)
Yes, without any doubt
Yes, without any doubt
Dear Chinmay,
Calculation of TDS on Salary is done after claiming all types of Deductions & Taxes paid bu you,
so the advance tax paids by you will be consider for calculation of TDS on your salary.
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