TDS 192B (Company deductee)

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This discussion clarifies that companies deduct TDS from employee salaries under Section 192B, but the company itself is the 'deductor', not the 'deductee'. The 'Company Deductee' option in TDS payment is for situations where a company receives payments (like interest or rent), not for salary deductions. You can continue to pay TDS under the 'other than company deductee' option for employee salaries.

Shri Vathsa

Shri Vathsa (Querist)

07 June 2023 Hi all,
The TDS is being deducted by the company from its employees salary.
When I try to pay TDS under 192B, I don't get the option of 'Company deductee'. By default I have to pay it under "other than company deductee". Please let me know I can continue to pay the TDS under other than company?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

07 June 2023 No problem you can pay.

PARAS CHHAJED

PARAS CHHAJED

(Expert)

07 June 2023 The company is deductor and not the deductee. A company cannot be an employee and therefore there could not be any TDS from salary to company deductee. For this reason, one cannot find an option . Company deductee option is for TDS deposit which is made out of payments made to company be it payment on account o interest, contract, rent, purchase, dividend, commission etc.

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