Tds on salary

This query is : Resolved

kirti (Querist)
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19 June 2012 in our co.tds from salary is not deducted monthly but deducted hole amt of tds at last month i.e.in march is it late deduction of tds and is interest have to be charged on it

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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19 June 2012 Section 192 provides that TDS on salary shall be deducted at the time of payment of salary.

Since salary is paid on a monthly basis, TDS is required to be deducted on a monthly basis.

Since TDS has not been deducted on a monthly basis, it amounts to late deduction and interest liability arises.

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