Hello,
I have resigned from my current employer and am expected to be relieved on 27 April 2018. For the financial year from April 2017 through March 2018, the total tax cut is Rs 42,252 while my tax liability is only Rs 32,551. This error is due to the Annual Incentive which I got paid in Jan 2018. For the last 2 months (Feb 2018 and March 2018) my current employer has not cut a single rupee as TDS. Now, during my full & final settlement in April 2018, I am demanding a return of Rs 9701 (42252 – 32551) from my current Employer because this TDS was erroneously deducted by them.
Am I correct in demanding these Rs 9701 from my current employer?
From India, Mumbai
Acknowledge(0)
Amend(0)
I have resigned from my current employer and am expected to be relieved on 27 April 2018. For the financial year from April 2017 through March 2018, the total tax cut is Rs 42,252 while my tax liability is only Rs 32,551. This error is due to the Annual Incentive which I got paid in Jan 2018. For the last 2 months (Feb 2018 and March 2018) my current employer has not cut a single rupee as TDS. Now, during my full & final settlement in April 2018, I am demanding a return of Rs 9701 (42252 – 32551) from my current Employer because this TDS was erroneously deducted by them.
Am I correct in demanding these Rs 9701 from my current employer?
From India, Mumbai
Acknowledge(0)Amend(0)
131Engage with peers to discuss and resolve work and business challenges collaboratively - share and document your knowledge. Our AI-powered platform, features real-time fact-checking, peer reviews, and an extensive historical knowledge base. - Join & Be Part Of Our Community.
TDS circular.pdf
Format--new TDS rates.xls
BASICS OF TDS ON SALARY-1.doc