Hi All,
One of my friend worked with a organization till Oct 2010 and then joined a new company in Nov. The previous organization deducted a TDS of 1800 for the financial year 2010-11 for the period April - October 2010. Now the second organization is not deducting and TDS or asking for any tax declaration.
If taken individually, the salary he received at both the organization is not taxable, but if we calculate total income for the financial year, its taxable.
Now my question is how can he pay the remaining tax when company is not deducting it and if he can pay individually then when he should pay. Shall he pay before 31st March or can he pay later?
Regards,
Sasmita
One of my friend worked with a organization till Oct 2010 and then joined a new company in Nov. The previous organization deducted a TDS of 1800 for the financial year 2010-11 for the period April - October 2010. Now the second organization is not deducting and TDS or asking for any tax declaration.
If taken individually, the salary he received at both the organization is not taxable, but if we calculate total income for the financial year, its taxable.
Now my question is how can he pay the remaining tax when company is not deducting it and if he can pay individually then when he should pay. Shall he pay before 31st March or can he pay later?
Regards,
Sasmita