TDS on salary not deducted monthly

This query is : Resolved

CA Abhishek Singh (Querist)
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04 September 2010 hello everyone,

one of our client(pvt.ltd) pays salary to employee over rs.20000/- but does not deduct tds monthly.

i asked the accountant that it has to be deducted on monthly basis. he said that it doesnot matter because when the investment details will be availbale in the month of feb/mar then tds will be deducted in the month of march?

plase clarify.
thanx in advance.

CA SMR

CA SMR (Expert)
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04 September 2010 I have come across few organisations who does the same as described by you.But in this case since salary exceeds 20k,ideally the TDS should be deducted.(Refer to Sec 192 of IT Act)

CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
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04 September 2010 Dear Abhishek,

This practice is wrong.

This is a violation of the guidelines given in the circular of CBDT # CIRCULAR NO.1/2010
F.No.275/192/2009IT(B)].

The IT deptt. can always object to it.

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