TCS employees receiving income tax notices are a ‘discrepancy’, ITRs will be reprocessed: Report

IT giant Tata Consultancy Services (TCS) said on Friday that the tax demand notices sent to several of its employees were a “discrepancy,” reported Business Standard on Saturday, September 14.

The Department of Income Tax will be reprocessing the returns, according to the news portal’s report.

Nearly 40,000 TCS employees received these notices with the tax demands ranging between ₹50,000 to ₹1 lakh, depending on their seniority level in the company, as per the report.