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Over deduction of TDS

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..... Over deduction of TDS
Query (Issue) Started By: - Neil Michael Dated:- 28-3-2016 Last Reply Date:- 29-3-2016 Income Tax
Got 3 Replies
Income Tax
Hi All, Can a company over-deduct TDS on .....

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..... an employee. For e.g. as per the prevalent tax structure by TDS for the month of March comes to around 14,750/- however the company is persistent on cutting TDS at the rate of 16,000/-. The explanatio .....

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..... n given is it is good to cut extra, you can always get it back by filing your returns. Can you validate this explanation, please. Regards, Neil Reply By Ganeshan Kalyani: The Reply: Sir, this prac .....

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..... tice is incorrect in asmuch as the income tax slab is known to employer in the beginning of the year itself. Why one should pay extra hard earned money to the government when getting refund would of c .....

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..... ourse take months time. They are supposed to tax what is actually deductible. Also there is responsibility of yours as well in giving correct income tax declaration and finally when declaration is act .....

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..... ualised it is your responsibility to provide those proofs which will enable them not to deduct Tax at source more than what is deductible. Thanks. Reply By KASTURI SETHI: The Reply: Sh.Ganeshan Kal .....

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..... yani Ji, Thanks a lot for giving correct information. It has enriched my knowledge as I am a layman in Income Tax matters. Reply By Ganeshan Kalyani: The Reply: Sir, thanks for your appreciation. .....

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..... It encourages me. Thanks.
Discussion Forum - Knowledge Sharing .....

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