Tuesday, August 14, 2018

Government offices asked to ensure TDS every month

AUGUST 14, 2018 00:00 IST



On tax deduction:K. Raviramachandran, Commissioner of Income Tax (TDS), speaking at an awareness programme in Madurai on Monday.G. MoorthyG_Moorthy 

‘Penalty will be recovered from salary of Drawing and Disbursal Officer’



Tax deductors in government offices have been reminded of penalty provision in Income Tax Act, if they fail to deduct tax from their employees and make the payment on time or to file the returns on time.

Addressing an awareness programme for tax deductors organised by the Income Tax Department here on Monday, Commissioner of Income Tax (TDS) K. Ravi Ramachandran said the department was soft-pedalling against defaulting tax deductors of government departments.

“However, a day will come when we’ll be compelled to slap Rs. 200 fine a day on deductors for not complying with provisions of Income Tax Act,” he said.

He said that the penalty would be recovered from the salary of Drawing and Disbursal Officer (DDO) and not from the government departments.

Mr. Ramachandran also asked the tax deductors to directly file their returns to the Income Tax Department using TDS Reconciliation Analysis and Correction Enabling System.

Speaking on the occasion, Additional Commissioner of Income Tax D. Albert Manohar said that the DDOs should understand that tax deduction at source should be done from employees every month from April to March and not during the last few months of the financial year.

Tax deduction should be done in 12 equal instalments through the financial year based on the annual salary projection of each government employee, he said. Failure to deduct correct amount of tax and not making prompt payment to Income Tax Department would make the DDOs liable to pay penalty, he cautioned.

The DDOs should understand that a major portion of the income tax collected from individuals was ploughed back through the State government for developmental works. Hence, it was imperative for them to collect the dues on time, he said.

Joint Commissioner of Income Tax Ben Mathew Varkey said that 40% of the total tax collected or Rs. 4 lakh crore across the nation was through TDS. He assured that the Income Tax Department was ready to help the DDOs in solving various issues in processing TDS on time.

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