employer did not deduct tax in time

My employer did not deduct tax on account of house perquisite for the A.Y 2011-12 as rule 3b was being followed. however the employer have recalculated the perquisite as per rule 3a and this has increased the tax liability of the employees. the employer deposited the differential tax on 31-03-2012(A.Y-2012-13)on the employees behalf without informing or deducting from the employees. the employer is planning to deduct this tax liability from employees from april'12 salary.(A.Y 2013-14). KINDLY GIVE YOUR COMMENTS

asked Apr 01 '12 at 23:18 by suman 1123

This is clearly mistake on employer's behalf.

As taxes have been paid late, there may be a late payment attached to it. All employees would need to file revised returns to show the extra tax amount and its payment.

Income tax department may raise a interest penalty demand on late payment of taxes as per section 234 A/B/C.

answered Apr 04 '12 at 12:28 by Pankaj Batra 5.2k320


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Asked: Apr 01 '12 at 23:18

Seen: 943 times

Last updated: Apr 04 '12 at 12:28