TDS ON SALARY

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

20 July 2011 I want to know on which date tds is required to be deducted if director remuneration has been credited at the end of every month but payment is not made uniformly every month

chetan soni

chetan soni (Expert)
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20 July 2011 You Need to firstly calculate the estimated salary at the start of the year. Then divide the tax due on monthly basis & at the end of each month you need to deduct the TDS.

Nitin Lakhmani

Nitin Lakhmani (Expert)
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20 July 2011 You have to deduct Tax on Credit or Payment which is earlier.

On that principal Liability of TDS will occur on credit basis in your case, you need not to concern about payment mechanism.