Sir in my company salary is due on at the end day of each month but i am not able to due commission on that day because the data on which we calculate commission of employees was come on 7or 8 day of next month so how can i deduct tds and paid tds amount before due date please help me regarding this as early as possible
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Tds
Replies (2)
The solution would be to create a provision for commission at the end of every month and deduct the TDS on the same and adjust the excess deficit next month. Since for the provisions made in March you have time to pay TDS till 31st May, the overall shortfall can be recovered in March, so as to avoid interest.
Please remember that for salary TDS is based on payment, not on the basis of the credit in the books.
as rightly said by MEMBER .....as per sec 192 TDS ON SALARY is to be deducted on payment basis.......so u need not worry gaurav....
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