Tds on salary.
This query is : Resolved
19 March 2014
Whether it is necessary to deduct TDS from Salary for the each month of respective previous year? can we deduct TDS at the end of Year after considering salary and other income(as reported by employee.)
Kindly give me the reference
Kindly give me the reference
19 March 2014
As per Section 192, TDS on salary is required to be deducted at the time of payment.
So TDS is required to be deducted on a monthly basis.
So TDS is required to be deducted on a monthly basis.
17 April 2014
But with the help of amendment in Finance bill 2012, can employer take deceleration from employee, that employee will discharge all tax liability. in substitution for TDS deduction.
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