Dear Sir,
Recently wage revision for Bank Employees has been finalised and anothoer pension option has been offerred for which existing PF optees have contributed 2.8 times of their revised Pay for the month of Nov, 2007. This amount has been kept by the Banks with them but I-Tax thereon is being charged/paid. Sir, when payment of such amount has not been made to employess, why TDS is being deducted. Is it right as per rules? Pl comment.
Thanks.
