TDS in case of salary
This query is : Resolved
21 March 2009
In case of salary TDS will be attracted as & when payment is made. Therefore if in a previous year say 2007-08 salary is only due i.e.whole years salary is paid in subsequent year 2008-09 and the TDS accordingly. My question is in A.Y 2008-09 salary is taxed on due basis and as there is no TDS whether employee has to pay the tax from his hand or can he use TDS certificate of pertaing to A.Y.2009-10?
21 March 2009
tds shud be deducted on payment basis
21 March 2009
In A.Y 2008-09 the employee has to pay tax from his hand.
21 March 2009
Thank you freinds
I suggest to those who replied that TDS wii be on due basis, to refer section 192.
I suggest to those who replied that TDS wii be on due basis, to refer section 192.
21 March 2009
More specifically sub section 1 of section 192.
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