Date of payment vs date of deduction vs date of deposit

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chanakya

Teacher

183 Points Joined January 2010

This question is with reference to Form 24Q. I want to be clairified on the difference between these different dates in the scenario given below
The Andhra Pradesh State govt. employees get a month's salary on the first working day of the next month ( not on the last date of the same month like central govt. employees). And Tax is deducted by book adjustment.
Now, suppose an employee gets december-2014 salary on 01-01-2015 please suggest the correct way to fill the following dates on Annexure -I of Form-24Q (using NSDL's RPU):
Date of Payment/credit of tax
Date of Deduction of tax
Date of Deposit of tax

Replies (3)

CMA Poornima Madhava

CMA

13117 Points Joined May 2009

Date of Payment/credit of tax: 1/1/15

Date of Deduction of tax: 1/1/15 (if deducted on the same day)

Date of Deposit of tax: 1/1/15 (as for book adjustment date of deposit is the date of deduction)

chanakya

Teacher

183 Points Joined January 2010

When i prepared e-TDS returns earlier, I used to enter the same way and it passed validation.. After the introduction of BIN, Date of Deposit of Tax must be the last date of the month in which the bill is paid i.e. 31-1-2015 to complete the validation process. But why so?

Another doubt, can tax be deducted on a day other than the date of payment? Because in your answer you say " if deducted on the same day"