Schedule of deposit of income tax amount to tax department b
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 June 2018
Sir, I want to know the schedule of deposit of income tax amount to tax departments office by employer throughout the year. Should it be deposited in equal instalments of 12 months of financial year or at a time from 1st month salary itself?
01 June 2018
Tax has to be deducted monthly at the time of payment. Inference-section 192(1).
To be deposited every month on or before the due date itself to avoid interest on
delayed remittance.
To be deposited every month on or before the due date itself to avoid interest on
delayed remittance.
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