In case of TDS on salary two points are to be taken care
- Time of deduction of TDS on salaries
- Payment of such TDS deduction to Central Government
As per Section 192(1) employer is required to deduct TDS in the month of payment as per rates in force for the financial year in which payment is made.
TDS payments due dates are mentioned in Rule 30 read with Notification No. 41/2010 that, TDS is to be paid on or before 30th April if salary is paid in the month of March and in all other cases TDS is to be paid on or before 7th day of preceding month in which salary is paid.
CAclubindia
