Due date on TDS for salary

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This query is : Resolved

subhash (Querist)

22 October 2008 Dear Sir,

If we booked salary entry in our books on 20/10/08 then when will be paid TDS for salary?

or

If we booked salary entry in our books on 31/10/08 then when will be paid TDS for salary?

Thanks in advance

Regards
subhash

Guest

Guest (Expert)

22 October 2008 Dear
in case of salary the TDS is always deducted when PAID NOT CREDIT
so when u paid the amount of salary then u deduct the TDS as u book the salary on 20/10/2008 u can deduct the tds on same day or when u pay for this but u want to deposite TDS then u can deposite on 7/11/2008 on both cases(20/10/2008 or 31/10/2008)

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)

22 October 2008 TDS on salary is based on payment basis.

CA Shailesh +91 9393926464

CA Shailesh +91 9393926464 (Expert)

22 October 2008 Section 192 reads as:

Any person responsible for paying any income chargeable under the head â€œSalariesâ€ shall, at the time of payment, deduct income-tax on the amount payable...........

Thus, section 192 clearly states that TDS shall be deducted only at the time of payment.

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