Tds on salary.

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CA Santosh Dhumal (Querist)
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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

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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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.

CA Santosh Dhumal

CA Santosh Dhumal (Querist)
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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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