Tds on salary.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 June 2012
Hello friends.I have a doubt on a practical situation which is like this:
Our company has revised the Salary structure retrospectively from month of April 12. But for TDS u/s 192 has been deducted for month of april and May has been deducted and already deposited.Now company is paying the revised excess amount in month of June 16.
Q:1.Is the excess amount will treat as salary for month of April And May Respectively?
Q2. If it will treat as salary for that months then company has to pay interest u/s 201 ( @1% & @1.5%).
Q.3. If it will treat as performance bonus , then which is Cut off payment date without interest.
Pls reply with reasons and provision of IT Act, thanks....
Our company has revised the Salary structure retrospectively from month of April 12. But for TDS u/s 192 has been deducted for month of april and May has been deducted and already deposited.Now company is paying the revised excess amount in month of June 16.
Q:1.Is the excess amount will treat as salary for month of April And May Respectively?
Q2. If it will treat as salary for that months then company has to pay interest u/s 201 ( @1% & @1.5%).
Q.3. If it will treat as performance bonus , then which is Cut off payment date without interest.
Pls reply with reasons and provision of IT Act, thanks....
16 June 2012
treat it as arrear and deduct tds at the time of payment
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Under construction property in ITR
- Scrutiny and reopening of past returns
- Booth for sales promotion
- Upload Level ValidationITR3Category of Defect B/D
- Building tax payment deduction in rental Income
- F & O PROFIT REPORTING FOR AY 2026-27
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
