Time limit for issue of TDS Certificate in case of salary

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joginder (Querist)
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13 March 2010 hello friends,

Can some body tell me what is time limit for issue of tds certificate in case of salaried employee when HE/SHE LEAVE COMPANY DURING THE YEAR.

Whether it is same like a employee work whole year or it is different??

reply soon yaar

Ram Avtar Singh

Ram Avtar Singh (Expert)
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13 March 2010 Generly one month form end of year, if employee left company issue TDS certificate when TDS return submited. its a moral reposbility to pay respect of Ex Employee. its a guideline to next Employee when you will left your company in future.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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13 March 2010 Section 192,203 and rule 31 does not cover the referred situation. So ,as per my understanding, the certificate can be issued with in one month from the end of the financial year concerned.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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13 March 2010 Agreed With Mr.Chakrapani Warrier.One month from the end of the FY

ARUN KUMAR MAITRA

ARUN KUMAR MAITRA (Expert)
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12 June 2012 What is the penalty payable for delay in issue of TDS Certificate by the employer to its employees?

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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13 June 2012 Rs. 100/- per day during which the failure continues subject to a maximum of the tax deducted at source. Please refer section 272A (2)(g) of the IT Act,1961.

ARUN KUMAR MAITRA

ARUN KUMAR MAITRA (Expert)
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13 June 2012 Dear Chakrapani Ji,

Thanks for your comments.In this connection,can you tell me the relevant section of the IT Act, in which time limit for issue of TDS Certificate by the employer to his employees has been prescribed?

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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13 June 2012 Rule 31(3) of the Income tax Rules 1962 says 31st May of the next year is the cut off date.

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