Tds on salary
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 May 2012
Dear Sir,
Our company pays salary on 5th/7th of next month.
For Apr-12 we pays salary in 05/05/2012, so we does entry on May & deposit the TDS by June 7, 2012.
Is it correct treatment? OR
we should provide salary on Apr 30,2012 & deposit the TDS by 7th May, 2012.
Thanks
Our company pays salary on 5th/7th of next month.
For Apr-12 we pays salary in 05/05/2012, so we does entry on May & deposit the TDS by June 7, 2012.
Is it correct treatment? OR
we should provide salary on Apr 30,2012 & deposit the TDS by 7th May, 2012.
Thanks
Yogesh Agarwal
(Expert)
03 May 2012
There is no problem in your practise... Coz TDS on salary to be paid on payment basis...
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