TMI BlogTDS on SalariesX X X X Extracts X X X X X X X X Extracts X X X X ..... 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 p ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rovisions of Section 192(2B) ? - Reply By CA GOPALJI AGRAWAL - The Reply = 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. - Reply By Siraj Shaikh - The Reply = You mean to say that the only option with me is that, in case my income for the financial ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... year did not exceed, say Rs. 4,00,000, I need to file the returns and then claim refund. - Reply By SATHEESH NAIR - The Reply = 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 - Reply By CA GOPALJI AGRAWAL - The Reply = No deduction certificate is not given in case of salary income. Lower deduction cer ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tificate application would not be entertained by AO under the cited circumstances. - TDS on Salaries - Query Started By: - Siraj Shaikh Dated:- 24-9-2012 Income Tax - Got 4 Replies - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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