Dear Friends,
I have made payment of salary to one of my employee withouth deducting any TDS for the month of April-May. Thereafter, I had estimated the Tax amount on his total salary for the FY and started deducting tax from June onwards. Please let me know if I need to report the payments without TDS for April & May also in the TDS return (24Q) for the 1st QTR or I just need to report the payment on which I have deducted TDS i.e., for the month of June.
You need not report for the month where you have not deducted tax.
In that case 26AS of the deductee employee would not reflect the total salary paid to him. Is that ok?
That should reflect total paid salary to him in 26AS. You didnt TDS for 2 months doesnt mean that you were not liable. You are liable to deduct TDS on whole salary paid by you for the year. That means in Annual Statement, it will show the total salary paid for the year, and total tax deducted.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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