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ITR Filling 2024: What you need to do when your employer does not deposit TDS with I-T Dept

Money Control · 3m

Tax Deducted at Source (TDS) is a crucial component of the tax system, requiring entities or individuals making certain payments to deduct TDS before making the payment. With the deadline for filing income tax returns approaching, some taxpayers are facing issues as their employers have not deposited TDS from their salaries. Failure to deposit TDS on time can result in penalties and disallowances for employers. Employees can verify TDS deposits through their Form 26AS and should inform their employer if there are discrepancies. Employees are not held liable for undeposited TDS amounts, but it can complicate their income tax return filing process. Employees cannot claim direct compensation for penalties or interest due to their employer's negligence, but legal recourse may be sought.