Tds on salary
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 December 2012
Dear sir,
i want to know whether it is compulsory to deduct TDS on salary from starting month of year. eg if a employee is taking salary of Rs. 20000 pm for f/y 2012-13. employer does not deduct TDS in the month of april but start deducting TDS from october month amounting Rs 500 and same amount in next month but in the month of march employer deduct whole amount of TDS which is applicable. i want to know whether it is contravention of act?
i want to know whether it is compulsory to deduct TDS on salary from starting month of year. eg if a employee is taking salary of Rs. 20000 pm for f/y 2012-13. employer does not deduct TDS in the month of april but start deducting TDS from october month amounting Rs 500 and same amount in next month but in the month of march employer deduct whole amount of TDS which is applicable. i want to know whether it is contravention of act?
13 December 2012
Hi
See as per IT Act, you got to deduct TDS from first month itself, TDS is to be deducted when salary is accrued or paid whichever is earlier.
Thanks//Vaibhav
Revert for more clarity.
Click thank button to convey your appreciation.
See as per IT Act, you got to deduct TDS from first month itself, TDS is to be deducted when salary is accrued or paid whichever is earlier.
Thanks//Vaibhav
Revert for more clarity.
Click thank button to convey your appreciation.
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
- Multiple payment of self assessment tax for A Y 2025-2026
- CAPITAL GAIN REDEVELOPED FLAT
- REGARDING ITR FILING QUESTION
- CLOSING STOCK QUERY
- Requirement under FEMA &RBI
- Query regarding reporting of exempt foreign remuneration in ITR
- Correction in TDS return New Traces Portal
- TDS refund Indemnity Bond
- PF wage ceiling
- F&O reporting in ITR
- WHERE I SHOW GST 0% INVOICE IN GSTR1 (EITHER TABLE 7 OR TABLE 8)
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
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
