Last date of deposit of tds deducted from salary of march

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dheeraj kumar (Querist)
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01 April 2013 Sir

I have been informed that tds deducted during whole month of march as well as on 31.3.2013 can be deposited till 30.04.2013

does this rule apply on tds deducted from salaries as well

Please reply at the earliest

Thanks & Regards
Dheeraj Kumar

Sumit Grover

Sumit Grover (Expert)
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01 April 2013 Yes...however, in case of amounts referred u/s 192(1A), the due date shall be 7-Apr-2013

dheeraj kumar

dheeraj kumar (Querist)
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01 April 2013 SIR

PLEASE CLEARLY TELL WHETHER 192(1A) MEANS TDS DEDUCTED FROM SALARIES OR THERE IS ANY DIFFERENCE

PLEASE TELL DOES THIS MEAN THAT FOR TDS DEDUCTED UNDER 26Q LAST DATE 30.4.2013 AND FOR 24Q LAST DATE 7.4.2013 FOR TDS DEDUCTED IN MARCH 2013

Thanks & Regards
Dheeraj

Sumit Grover

Sumit Grover (Expert)
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01 April 2013 There is a difference in normal TDS on salaries{192(1)} and TDS u/s 192(1A)

192(1A) reads out as follows:
"Without prejudice to the provisions contained in sub-section (1), the person responsible for paying any income in the nature of a perquisite which is not provided for by way of monetary payment, referred to in clause (2) of section 17, may pay, at his option, tax on the whole or part of such income without making any deduction therefrom at the time when such tax was otherwise deductible under the provisions of sub-section (1)."

It basically talks about the TDS on perks in kind.

dheeraj kumar

dheeraj kumar (Querist)
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01 April 2013 sir

i humbly request you to reply in clearcut manner whether tds deducted from normal salary of employees without any perquisites during march 2013 can be deposited till 30.04.2013

Thanks & Regards

Dheeraj Kumar

Sumit Grover

Sumit Grover (Expert)
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01 April 2013 Yes....absolutely...if no perks in kind, then due date of deposit of TDS is 30-Apr-13 for the enitre month of March

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