The problem may not be for the employees as they get more for the present, only to cough up much more towards the end of the assessment year, but you (the Drawing & Disbursing Offcer -DDO) could be in serious trouble for failing to do statutory deduction of taxes at source.
From India, Mumbai
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TDS circular.pdf
Format--new TDS rates.xls
BASICS OF TDS ON SALARY-1.doc