Senior Executive - Finance
Yes definitely you can ask for the declaration from the each employee.
Also you can calculate the annual tax liabilty of the employee on the average annual salary based on the current salary. You can finally calculate the final tax after a certain time frame, when all the details pertaining to their salary issues are finalised.
27th June 2008 From India, Delhi
You can ask the employees about it through circulating the attached herewith format for submiting the saving details. You can start deducting the TDS according to their declairation in the form and end the year they need to show the supporting docs towards it. If they are unable to do so- that amount will be taxable for them.
27th June 2008 From India, Bangalore