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 Threads
- Missed Deadline of Form 10AB. What Should be next
- Rural land near mining zone
- Partners rental income
- Donation deduction in ay 22-23
- ITR Filing for NRI (Dubai) – TDS u/s 194H &a
- CA Final Group 1 Exam - AFTER A LONG GAP
- What accounting software works best for small busi
- Accumulated amount received from pf account
- Sec.10 (10D) Tax Benefit not available to PaidUp p
- Seeking your expert view on GST return disclosure
Related Threads
CAclubindia
