Tds in case of outstanding salary

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

04 October 2012 as per sec 192 ,tds on salary is to be deducted when salary is paid.
So what happens in case of outstanding salary.Is there any requirement to deduct and pay tds ? If yes , what % of interest be charged under sec 201(1% or 1.5% pm)? Is the employer required to file Quarterly returns?
Plz help.
thanks in advance!

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
Follow

04 October 2012 TDS on salary need to deduct on accrual or paid which ever is earlier. so once accrued TDS need to be deducted. There is 2 situations if the TDS deducted not paid then interest rate is 1.50% per month interest, if TDS need to be deduct but not deducted then 1% per month. so this case 1.50% interest. quarterly return also need to be filed

Hemant Kumar

Hemant Kumar (Expert)
Follow

04 October 2012 Agree with expert.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Nikhil Vyas

Sharang Sanjay Mangalekar

CA Reshma prabhu

sriram deven

John Ravindran Moses

Subscribe Now

Tds in case of outstanding salary

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Manager- Finance and Compliance

GST CONSULTANCY

Senior Executive

CA Final

GST CONSULTANT

Accountant