Salary due month & respective tds month

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Anjana (Querist)

01 October 2013 If salary becomes payable as on 1st of Sep for the month of Aug & salary also booked as on 1st sep & accordingly tds will also be deducted as on 1st sep for Aug so when tds on same should be paid ?

Regards
Anjana Sehgal

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)

01 October 2013 U need to pay tds on 7 th of next month of deducting tds, if u deducted for aug then by 7/09/2013 u need to pay for avoiding int and penalty.

Anjana

Anjana (Querist)

01 October 2013 But if salary becomes due as on 1st sep cannot we pay tax before 7th of Oct instead of 7th sep because it is not a case of late deduction of tds as our company book salary as on 1st of next month as a regular practice.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)

01 October 2013 Section 192 casts the responsibility on the employer, of tax deduction at source, at the time of actual payment of salary to the employee. Unlike the provisions of TDS, pertaining to payments other than salary where the obligation to deduct tax arises at the time of credit or payment, which ever is earlier, the responsibility
to deduct tax from salaries arises only at the time of payment.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)

02 October 2013 It had accrued in aug itself but was due for payment in sep so going by accrual concept u need to deposit by 7/09 only.

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