banner_ad

Tds on a pvt ltd co.

This query is : Resolved 
Profile Image

Profile Image

(Querist)
04 May 2012 When to deposit of Tds on salary monthly / yearly ? when an individual’s salary is 245050/- (cheque amt 18850x12 and one month bonus)

If the above individual tells his investments to LIC would be is Rs. 50000/- for the current year then should we need to deduct Tds monthly ? or yearly, when the employee shows LIC deposits at the end of year.

Please help as I have to take decision for deducting tds from payment of salary of the above particular employee
Profile Image

Sanket Shah

Profile Image

Sanket Shah (Expert)
04 May 2012 TDS on salary is required to be deposited monthly. If employee tells about investment u/s 80C you may consider the same. and if at end of the year employee fails to submit any proof, you will have to deduct tax at that point of time.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
09 May 2026
Audit Manager

Kanna and Associates

Coimbatore

CA Inter

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
08 May 2026
CHARTERED ACCOUNTANT

SHAH LADHA AND ASSOCIATE

Ahmedabad

CA

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details