payment TDS on salary

According to the provisions of TDS on salary under Section 192. TDS on salary should be deducted on payment basis not on due basis. But if anyone is going to deduct TDS on payment basis then they have to finalise the TDS in the month of february not in the month of march. But most of the companies deduct TDS on salary on due basis also as they finalize TDS on salary in the month of March. In above case if they will deduct TDS on payment basis(assuming TDS is finalized in the month of march) then the TDS return will be changed from 4th qtr to 1st qtr of the next A.Y. So if they are finalizing the TDS on March in such a case TDS should be dedcuted on provisonal basis on march 31 and should be deposited upto April7.

Correct me if im wrong

Thanks

i have booked salary of an employee for the month of Feb-12 and have deducted TDS on salary.Due to some reason the salary of the employee is put on hold .Iam i Liable to make payment of TDS?

i have booked salary of an employee for the month of Feb-12 and have deducted TDS on salary.Due to some reason the salary of the employee is put on hold .Iam i Liable to make payment of TDS?

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
12 October 2026
Chartered Accountant - Internal Audit

HKC | Chartered Accountants & Business Advisors

Ludhiana

CA

View Details
Company
26 September 2026
Chartered Accountant

pushpganga ventures

Pune

CA

View Details
Company
05 October 2026
Senior Accountant

Vision IT Peripherals Pvt Ltd

Mumbai

B.Com

View Details
Company
14 October 2026
Asst. Manager/Dy Manager (Costing)

manufacturing

Pune

CMA

View Details
Company
ARTICLESHIP 30 September 2026
CA Article Assistant

CA Suraj Garg & Associates

New Delhi

CA Final

View Details
Company
15 October 2026
Senior Accountant

Continental Belting Pvt Ltd

Mumbai

B.Com

View Details
Company
13 October 2026
Accountant

Zerdi & Co. Chartered Accountants

Pune

B.Com

View Details
Company
ARTICLESHIP 17 October 2026
Articled Assistant

RRPM & Associates LLP

Chennai

CA Inter

View Details