TDS on Salary
This query is : Resolved
04 May 2009
If March Salary provision made on last day of month.so when i can deposit TDS on the same. i.e 7th April or upto 31st May.
04 May 2009
tds on salary is deductible on payment basis.
04 May 2009
By 30th april
05 May 2009
On Salary TDS has to be made on payment basis. If you have made a provisions for salary on the last day of the month, you need not deduct tax on that day, hence no need to pay on either on 7th April or 31st May. Say march salary is paid on 5th April, the TDS can be paid upto 7th May. However paying TDS by 7th may will lead to problem, that the TDS certificate of salary is to be issued by 30th April, which can not be issued unless the TDS is paid. So it is advised to pay on or before 30th April to avoid any delay in issuing the TDS certificate. As per the amended rules for deposit of Tax the assessing officer may permit the deposit of tax on quarterly basis where the TDS is deducted from salary and some other heads as following -
(2) Notwithstanding anything contained in sub-rule (1), the Assessing Officer may permit, in special cases,-
(a) quarterly payment of the amount on June 15, September 15, December 15 and March 15 if the amount is deducted from any income chargeable under the head “Salaries”; and
(b) quarterly payment of the amount on July 15, October 15, January 15 and April 15 if the amount is deducted from any income by way of-
(i) interest, other than interest on securities;
(ii) insurance commission; or
(iii) commission or brokerage referred to in section 194H.
(2) Notwithstanding anything contained in sub-rule (1), the Assessing Officer may permit, in special cases,-
(a) quarterly payment of the amount on June 15, September 15, December 15 and March 15 if the amount is deducted from any income chargeable under the head “Salaries”; and
(b) quarterly payment of the amount on July 15, October 15, January 15 and April 15 if the amount is deducted from any income by way of-
(i) interest, other than interest on securities;
(ii) insurance commission; or
(iii) commission or brokerage referred to in section 194H.
05 May 2009
u/s 192 TDS shall be deducted on payment basis. so 7th April (it is paid from 1st March to 30th Mar) or upto 31st May ( if paid on 31st March)
05 May 2009
u/s 192 TDS shall be deducted on payment basis. so 7th April (it is paid from 1st March to 30th Mar) or upto 31st May ( if paid on 31st March)
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
- Reopen of assessment proceeding
- Is any professional CA is here please reply
- EPF FULL & FINAL RULES IN 2026
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Reprocessing of rectification order AY 2025-26
- FTS Taxable under 115A
- Rental income gst and it purpose
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Putting a heading on received mail
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
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
