Tds on retirement benefits u/s 192

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CA Deepak jain (Querist)
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12 March 2019 One employee is retiring on 31.03.2019. However due to some conditions under employment retirement benefits like Pl encashment, gratuity etc which is due on his retirements will only be paid in next year in April-19. Whether TDS could be deducted in fy 2018-19 on accrual basis or will be deducted in next FY at the time of payment?

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venkata krishna reddy

venkata krishna reddy (Expert)
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13 March 2019 tds not to be deducted on retirement benefits like Leave encashments, pf, gratuity etc. these are taxfree benefits

CA Deepak jain

CA Deepak jain (Querist)
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13 March 2019 This all are not total tax free ..What about the amount which is taxable beyond the exemption limit

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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27 September 2021 TDS to be deducted on accrual basis.

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Tds on retirement benefits u/s 192

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