Please Help: TDS
Posted Date : 22-May-2012 , 03:52:09 pm | Posted By Hardik Thakkar
If there is only salary income of assesse then once TDS is cut down from his/her salary then any other tax by way of income tax is required to pay directly to government??
Category : Income Tax | Answers : 4 | Comments : 3 | Hits : 196
Answers
Answer By: CA. SURESH Kr. AGARWAL
Dear, TDS is deducted on the salary paid to you by the employer subject to declaration of Tax saving by the assessee. If you are having only salary income and TDS is deducted appropriately then there will be no Income tax liability. However it is advisable to you to recalculated the Tax amount before March and if the TDS dedected and to be deducted is falling short-fall then advise your employer to deduct difference of tax as TDS in the month of March. If the same is not possible then deposit the same as self assessment tax.
Answer By: Rambabu Senkarasetti
If other incomes not shown to employer while deducting tax, tax on other income shall be paid
Answer By: Rambabu Senkarasetti
If other incomes not shown to employer while deducting tax, tax on other income shall be paid
Answer By: Rambabu Senkarasetti
If other incomes not shown to employer while deducting tax, tax on other income shall be paid
Comments
saurabh goyal
22-May-2012 , 04:19:01 pmHardik if all the liability for income tax is paid of by the way of tds then there is no further liability to pay income tax but if ur income tax liability is more then tds deducted by employer then balance amount is to be paid by u as self assessment tax.
saurabh goyal
22-May-2012 , 04:19:15 pmHardik if all the liability for income tax is paid of by the way of tds then there is no further liability to pay income tax but if ur income tax liability is more then tds deducted by employer then balance amount is to be paid by u as self assessment tax.
Hardik Thakkar
04-Jun-2012 , 11:36:08 amThanks a lot to all experts for solving the query