25 March 2008
Replying to a query asked by a CAclub member , many people have answered that -
In case if Salary is credited on 31 March, the due date for payment of TDS is 31 May.
BUT as per Rule 30 of Income Tax Rules, Salary is exception to above rule. So it has to be paid within 7th of end of the month in which Salary is credited.
Please confirm this AFTER refering to Rule 30 of Income Tax Rules.
25 March 2008
yes u r correct. because sec 200(1) also excludes tds u/s 192. therefore , rule 30 & 30A read with sec 201 tds on salary is to be deposited upto 7th april.
CAclubindia
