TDS on Salaries

Yes, Form 16 is to be issued

Sir,

The issue is short deduction of TDS , shall we issue TDS certificate in Form16 ( for Salaries ) showing some portion of Tax is still payable ? is there any liability on the employer?

Regards

P. Raja

Employer's liability is to deduct the tax amount & pay to the credit of central govt.

regards,

ratan

in case of short deduction of tax, employer's liability equals to balance amount of short tax alongwith any interest, if any.

regards,

ratan

Whatever we have recovered from the employee is paid to the credit of Central Govt, and Certificate being issued already, if the employee himself remitting the balance tax along with interest to Govt , is there any problem?

Regards

P. Raja

No there is no problem.

regards,

ratan

Still liability to deduct TDS is on the employer, u cn deduct the balance tax right now & issued fresh form 16

regards,

ratan

and one more thing y an employee bears the tax burden alongwith interest.

regards,

ratan

This pertains to last financial year , there was a doubt raised by the ex employee while remitting the balance Tax and submitting his ITR ,  as we have already filed annual TDS  returns etc for last FY in June 2010 , if we make any change in TDS certificate we need to revise the returns etc , so if the matter can be closed by making the payment by the employee ,all these can be avoided

Please advise

Regards

P. Raja 

yes, employees cn make d payment of tax on company's behalf. plz correct ur error hw cn u file annual return in june, 2010.

regards,

ratan

Sorry , I mean annual return in June 2009 for FY 2008-09

Regards

P. Raja

if employees agrees to that.... u cn go for it.

regards,

ratan