Tds on salary
This query is : Resolved
shoeb parwaiz
(Querist)
03 August 2013
Dear All,
I would like to know that i have paid Rs.30,000.00 per month to a employee from 01 April 2013 to 30 June 2013 & no tax deducted on his salary. Now i have calculated tax on his salary for the year 2013-2014 & divide in nine equal installment. Would u please clear me will i have to deposit tax with interest for the period 01 April 2013 to 30 June 2013 or i can deposit tax without interest in nine monthly installment?
Thanks in advance.
I would like to know that i have paid Rs.30,000.00 per month to a employee from 01 April 2013 to 30 June 2013 & no tax deducted on his salary. Now i have calculated tax on his salary for the year 2013-2014 & divide in nine equal installment. Would u please clear me will i have to deposit tax with interest for the period 01 April 2013 to 30 June 2013 or i can deposit tax without interest in nine monthly installment?
Thanks in advance.
Ganeshbabu K
(Expert)
03 August 2013
Interest no required..you can deposit tax amount only
03 August 2013
Hi
NO int. to be paid since yo have not deducted TDS in first instance.
And amount paid by you was less than exemption limit of Rs. 2 lakh.
Rg//Vaibhav
NO int. to be paid since yo have not deducted TDS in first instance.
And amount paid by you was less than exemption limit of Rs. 2 lakh.
Rg//Vaibhav
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