sir,
please let me know the below confusion.
Is salary for the month of march 2013 is added on 2012-13 TDS calculation,if actual salary payment of march 2013 is paid on april 13 month ?
i shall be very grateful to you.
thankyou in advance.
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Tds on salary
Replies (5)
Helloo...friend
TDS is deducted on the basis of amount credited or paid , which ever is earlier.
If salary is credited on 31st march then it should be included in the same year .
thanks
Salary for the month of March-13 received in April-13 will be taxable in the year 2012-13.
TDS is always deducted on the basis of amount credited or paid , which ever is earlier.
If salary is credited on 31st march 2013 then it should be treated as liability of F.Y. 2012-13. and will be paid to Govt. by April'2013.
Dilip Gupta
due r recieved which ever is earlier is taxable even if u got advance tax for next year it is also taxable in current year
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