TDS on Salaries

[Siraj Shaikh]

Company has already deducted Rs. 30,000 TDS on salary for 5 months on average basis. On F&F, the company is further going to deduct TDS of around Rs.60,000.

Since, i m leaving this job and going to search a new one. suppose that I didnt get the job in this financial year. And my taxable income paid by the company comes to Rs. 6,00,000, can I stop the company for not deducting the TDS under the provisions of Section 192(2B) ?

AI Summary

TDS on salaries: employers must deduct on estimated income; employees may claim refund by filing returns, not prevent deduction.
Employers must deduct TDS on salary on an estimated annual basis and cannot anticipate unemployment to reduce withholding. Section 192(2B) addresses enhancement of income/tax liability and does not authorize reduction of employer withholding. Employees who expect lower annual tax must generally accept deduction and claim any excess by filing a return; administrative certificates to avoid salary TDS are not ordinarily available.