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Income Tax Liability
If the declarations provided during the financial year and employee not provding the proof during the financial year ending- how should the tax liability be calculated. is it employer's duty to pay the enitre tax or the employer can issue the Form16 stating that tax is due?
chintamani
- Jun 2nd, 2008
If employee miss to submit the proofs to employer for his tax computation, employer will compute employees tax as per actual proofs.Employer will issue Form 16 to employee. This form 16 shows detailed...
chintamani
- Jun 2nd, 2008
Declarations would be considered to compute projected tax liability for the financial year. If the employee does not submit the hard copy's of proofs @ the year end tax would be computed on actual...
