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TDS ON SALARY
What are the consequenses of short or excess tds deduction on salary for any a.y . Can we deduct the balance amount on march wahereas salary for the month of march is payble in april month?? What to do with the excess deduction if any ??
Replies (1)
"Can we deduct the balance amount on march where as salary for the month of march is payble in april month??"
Yes, Otherwise also your liability is to pay the same to treasury with interest, if any.
"What to do with the excess deduction if any ??"
One option is........ to let employee claim it.......
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