Tds u/s 192 on salary

This query is : Resolved

CA PRADEEP KUMAR MISHRA (Querist)
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15 December 2012 As per Section 192 TDS on salary should be paid within 7 days from last day of month in which deduction is made.

Case :-
Suppose a company paying salary for the month of April on 5th May and it also booked salary on the same day. Whether Due date of Payment of TDS on Salary for the month of April will 7 th June.

2. What shall be treatment of TDS on salary for the month of March 12

CA Hiren Thakkar

CA Hiren Thakkar (Expert)
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15 December 2012 Hi,

1) It is 7th of June. As the company has booked salary on 5th of May, they must have deducted TDS on the same day onle. Hence for Deduction made in May, the payment liability will be in the next month June 7.

2)For the month of March. The Company need to make provision for salary expenses in the month of March only, hence TDS will be deducted on the same day generally 31st March. However, TDS deducted in the month of March is required to be paid by 30th April and not 7th April.

Hope it is clear....

@VaibhavJ

@VaibhavJ (Expert)
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15 December 2012 Hi

Agree wid expert..

Also you need to pay 12 salaries in a one calender year..

Thnx//Vaibhav

CA PRADEEP KUMAR MISHRA

CA PRADEEP KUMAR MISHRA (Querist)
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15 December 2012 Agree !

currently one of my client has installed Tally ERP and generating salary through Payroll software.

and software generate salary by default at the last day of the month. but problem is if company generates salary on last day suppose 30th Apr, it has to pay TDS by 7th May.

Some one replied me that as per rule for Apr month Salary (ignoring the booking date) the due date of payment of TDS U/s 192 is 7th May.

@VaibhavJ

@VaibhavJ (Expert)
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15 December 2012 Hey it is not so..

All govt. salaries are accrued in 1st of next month so as non govt assessee can do so..

Thanks//Vaibhav
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