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sub: salary tds
1) will financial year and assessment year apply for salary
tds. ie if my employer is deducting tax then will it be for
the last year or current year.
2) in case of assessment year,( example 1st april 2009 to 31
march 2010),
why it is given as one year does it mean that the total year
is meant for assessing and then when shall we pay the tax or
file the returns???
3) in case of assessment year 1st april 2007 to 31 march
2009, when should i stop assessing and start deducting the
tax and when should i pay it to it dept
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Answer / guest
1)Employer is deducting tax on salary for Current year.
2)
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