As an employer in which year i have calculate the Maternity leave salary for deducting tds? ie, leave period n previous FY, but payment made on this FY, So can i add the full amount of ML salary along with this year salary and deduct TDS?
11 October 2013
If you r booking these as payable in previous year than TDS should be deduteed in previous year. But if you have not booked expenses yet then you can book now and can deduct tds now.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
11 October 2013
Thank you sir,
If maternity leave salary excluded, current year total salary income with in the income tax limit. So employee argue that its previous year income he cannot remit the tax.
So if you dont mind, kindly give me any link related to such case or detailed note for convincing the employee.
CAclubindia
