tds on salary
This query is : Resolved
sonu gupta
(Querist)
30 April 2011
if v credit the salary on 30.4 and make the payment on 7.5, then tds has to be deducted on 7.5 or 30.4. plz also tell me the date of deduct and deposit of TDS on salary for the month of march
CA MANOJ GUPTA
(Expert)
30 April 2011
tds HAS TO BE DEDUCTED AT THE TIME OF CREDIT OF SALARY AND TO BE PAID WITHIN 7 DAYS OF DEDUCTION
CA MANOJ GUPTA
JODHPUR
09828510543
CA MANOJ GUPTA
JODHPUR
09828510543
srinivasan
(Expert)
30 April 2011
TDS liability accrues at the time of credit or payment which ever is earlier. Since in your case you are crediting the salary on 30.4 the liability accrues on Apr itself and it has to be remitted to Govt. treasury on or before 7th of May
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