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.
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.
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
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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