What if employee left the job in the middle of the year, then whether to deduct TDS after considering its total projected income for the full year or employer should deduct TDS only on salary paid to employee upto the date of termination.
Menu
Tds on salary
Replies (3)
Employer is responsible to deduct TDS upto the date the employee is working for him. i.e, upto the date of termination. Employer has nothing to do with employe's total projected income bcoz employer employee relation come to end as soon as employee leave his job.
Hi,
No need to work out the projected income and all. The old employer will deduct taxes till the last salary and settlement amount paid. Thereafter the New Employer will deduct taxes.
Regards
Bharath
better deduction in good.He or she get refund from income tax
Recent Topics :
- GSTR 9 LATE FEE
- Best Online Mock Test Series for CA Inter January
- COST OF IMPROVEMENT
- Pillows and Mattresses
- GST Applicability for Reg. / Un-Reg. Indian custom
- Amended GST Act & Rules
- FAST DS 2026 MAIL QUERY
- Does Anyone need CA Foundation books of May2026 at
- Last day for ITR-U for AY 2023-2024 (FY 2022-2023)
- Sale of shares in indian company by a non resident
Related Topics :
CAclubindia
