banner_ad

TDS on Salaries

This query is : Resolved 
Profile Image

Profile Image

(Querist)
24 May 2011 Sir,
With respect to TDS on salaries. We pass TDS entry when we pass Salary entry that is when salary is accrued to the employee we deduct TDS and pass the entry.

But, Sec 192(1) of Income Tax Act clearly says; "Any person responsible for paying any Income Chargeable Under the head "Salaries" shall AT THE TIME OF PAYMENT, deduct Income Tax on the amount payable at the avg rate of Income Tax"

So does it mean only at the time of payment the amount should be deducted or even at the time of passing an outstanding entry the deduction entry is to be passed.

please clarify
Profile Image

U S Sharma

Profile Image

U S Sharma (Expert)
24 May 2011 in normal practice salary is accounted on date of payment only, except the salary for march when we make provision of march salary,

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


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


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
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
ARTICLESHIP 30 April 2026
Article Assistant

J SINGH & ASSOCIATES

Ahmedabad

CA Inter

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
10 May 2026
Finance specialist

Right way solution

Ajmer

CA

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details