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Tds liability on bonus

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(Querist)
24 April 2014 Kindly advise If we will declare bonus for F.Y. 2013-14 in august 2014 (gross amt 25 lac to all employees)then when tds liability arise 1. april 14 or august 14. We want to book expense of Rs 25 lac in F.Y. 2013-14. Please guide if TDS liability arise in april 14 then is it required to pay Intt. from apr to august 14
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
24 April 2014 in the month the bonus is actually paid...
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vipin kumar

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vipin kumar (Querist)
25 April 2014 so bonus expense relates to which year i.e. in the year of payment (F.Y.2014-15) or F.Y. 2013-14 (because bonus decalred for F.Y. 2013-14)
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
25 April 2014 Dear Vipin,

any payment made to employees under section 192 is attracts tds only on the payment basis. So provision or declaration of bonus wont attract tds.
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