Tds on salary
This query is : Resolved
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
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.
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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