Hi Friends,
IN our company i have seen our payroll guys deduting tax in advance.
for eg.
one of our employee joined in june,06 and payroll guys had deducted the full year tax from his first month salary.
here i just want to know do we have any policies as per govt. guidlines that when and how the tax will be deducted because if payroll deduct my salary in advance and in future definatly i will show my savings then what wil happen.
waiting for kind reply.
Regards,
Rupendra
IN our company i have seen our payroll guys deduting tax in advance.
for eg.
one of our employee joined in june,06 and payroll guys had deducted the full year tax from his first month salary.
here i just want to know do we have any policies as per govt. guidlines that when and how the tax will be deducted because if payroll deduct my salary in advance and in future definatly i will show my savings then what wil happen.
waiting for kind reply.
Regards,
Rupendra