TDS

This query is : Resolved 

18 March 2010 dear expert,

i want to know about TDS on salary

whether it is deducted on payment basis,
or on journal basis
pls clear me its urgent

18 March 2010 Journal basis...normally march salary booked in march ...paid in april..TDS to be deducted in march only

18 March 2010 Yes I agree with g.ramesh

rule is clearly said dat credited or paid whcihver is earlier

18 March 2010 Income tax is to be deducted from salary, under section 192, monthly AT THE TIME OF PAYMENT where estimated taxable salary exceeds the maximum amount which is not chargeable to tax.

18 March 2010 Aree with Mr.Chakrapani warrier ,for sec.192 tds deduction on payment


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