In FY2018-19, for all the first three quarters, the Education Cess was calculated and paid at 3% instead of 4%. TDS returns were also filed at 3% only. How can I correct the Education Cess amount to 4% in the challan and make the same correction in the TDS returns as well? Please let me know how the above corrections can be made.
From India, Hyderabad
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From India, Hyderabad
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Query is not clear.
TDS under Section 192 (salary) does not need to be revised, but additional deductions will be payable in the present quarter. A 3 to 4% change has come to light with Budget 2019 (after the final submission of 3Q Returns). Old TDS returns will not be affected; however, the assessee will have to pay the additional SC.
For safeguarding, the deductor may calculate and deposit the additional amount in the present TDS challan and return.
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651TDS under Section 192 (salary) does not need to be revised, but additional deductions will be payable in the present quarter. A 3 to 4% change has come to light with Budget 2019 (after the final submission of 3Q Returns). Old TDS returns will not be affected; however, the assessee will have to pay the additional SC.
For safeguarding, the deductor may calculate and deposit the additional amount in the present TDS challan and return.
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PF ONLINE NAME CORRECTION PROCESS.pdf