Amit_goyal_2002
Sap Hr Professional
Basudeva
Service
Nafeesa
Hr-student
SRINIVASMRAO
Admin & Hr

Hello friends, Pls tell me why does an employer deduct tax at source? i mean wots the logic behind it? an employee has to pay his own tax rite? waiting for your responses thanx Regards, Nafeesa.
From India, Delhi

Hi Nafeesa,
The logic behind deducting TDS from employees is - As per Income Tax rules employer is the responsible for the taxes payable by employee on the salary paid to him.
Thanks & Regards
Sriniivas
From India, Hyderabad
Hi,
The logic behind TDS is to make sure that the Tax is deposited with the Income Tax without fail. When it is the responsibility of the tax payer he/she may evade the tax payment hence it has been made mandatory that the Tax should directly be deducted from the source. this provision was made just to make sure the tax remittance.
Amit Goyal
From India, Delhi
Dear Nafeesa,
As per Income Tax Act TDS amount is deducted from vendors of the company and on salary also to generate govt revenue. otherwise how govt will function in India or any any other country ? If you have any example that any other country has make its rules that without TDS or Income tax deduction from employees they are creating revenue kindly inform me.
Basudeva Choudhury
New Delhi
Mobile no 9891430567

Reply (Add What You Know) Start New Discussion






About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service



All rights reserved @ 2017 Cite.Co™