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
- GSTR-1A How to update Invoice
- Excess salary payment.
- Stamp Paper for partnership firm change new income tax 2025
- TDS on Purchase of Immovable Property by NRI from NRI
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Capital gain from sale of house property
- FORM 26A APPLICABILITY
- SFT Cash Deposit in Current Account
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
