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TDS on Salaries, Income Tax |
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TDS on Salaries |
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Company has already deducted Rs. 30,000 TDS on salary for 5 months on average basis. On F&F, the company is further going to deduct TDS of around Rs.60,000. Since, i m leaving this job and going to search a new one. suppose that I didnt get the job in this financial year. And my taxable income paid by the company comes to Rs. 6,00,000, can I stop the company for not deducting the TDS under the provisions of Section 192(2B) ? Posts / Replies Showing Replies 1 to 4 of 4 Records Page: 1
No, section 192(2B) is for enhancement of income and tax liability not for reduction. Employer has to deduct TDS on estimated basis. The unemployment condtition etc can not be anticipated.
You mean to say that the only option with me is that, in case my income for the financial year did not exceed, say Rs. 4,00,000, I need to file the returns and then claim refund.
THE INCOME TAX OFFICER MAY GIVE CERTIFICATE TO NOT DEDUCT THE TDS FROM YOU PAYMENT. THIS IS ONLY THE WAY. PL . APPROCH YOUR JURI., ITO. TKS
No deduction certificate is not given in case of salary income. Lower deduction certificate application would not be entertained by AO under the cited circumstances. Page: 1 Old Query - New Comments are closed. |
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