If a company has it norms of deducting TDS of employees in whole once at a march and an employee left the company during the year ... Is the company is in default in such scenario ?
What is remedy ?
Pls advise
Regards
Asif
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Tds on salary liability of company
Replies (2)
The company is at default of non-compliance of provisions relating to deduction of tax at source. The tax on salary should be deducted on monthly basis. The calculation of tax payable should made in advance and then tax should be deducted.
As the employee left the company before the end of financial year, so why the company is in default. As if the same employee will join another company who will deduct it TDS.....
Can you please support your answer with any circulars or sections ? It would be helpful
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