D/Sir ,
how to deduct TDS on salary when advances are being given to employees?
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Tds deduction
Replies (5)
Advances are refundable. Reverse the advance and Calculate as per salary...
Dear sir ,
if the advances are being given in the month of March whether TDS will be calculated on the full salary or the balance of salary being credited to clients bank account?also ,should we avoid givng advance salary in the month of march.?
Advance is not salary. It's refundable from employees... You ll calculate TDS on full salary for the month of March or Any months...
As per section 192(1) OF INCOME tax act, tds is to be deducted at the time of payment of salary. If advance is in the nature of advance salary (ie non refundable) and If payment is given in march,then tds is to be deducted in march.
TDS SHOULD BE DEDUCT ON SALARY PART ONLY NOT ON ADVANCE
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