TDS not deducted in April on salaries

386 views 4 replies

is it mandatory to deduct TDS every month. I have not deducted TDS in April on salaries for my employees. I am planning to deduct it starting May for all taxable salaries to be earned till march.

Does this attract any penal provision.

Replies (4)

Considering the provisions of section 192(3) which is reproduced below, you may deduct in May:

Excerpts from 192(3): (3) The person responsible for making the payment referred to in sub-section (1) or sub-section (1A) or sub-section (2) or sub-section (2A) or sub-section (2B) may, at the time of making any deduction, increase or reduce the amount to be deducted under this section for the purpose of adjusting any excess or deficiency arising out of any previous deduction or failure to deduct during the financial year.

https://www.incometaxindia.gov.in/pages/acts/income-tax-act.aspx

Consider section 192 for salary TDS

Not mandatory to deduct tds on salary in every month....... u can deduct tds in march month too..........  while u have to file salary return only once in a year....... & that is 24 q ......after completing the f.y. ............. ..........

No problem. u can deduct from may.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
22 June 2026
Accountant

Global Image Technologies Private Limited

New Delhi

MBA

View Details
Company
06 July 2026
Chartered Accountant (Indirect Taxation)

Gowra Ventures Pvt Ltd

Hyderabad

CA

View Details
Company
ARTICLESHIP 28 June 2026
Article Assistant

Sharma Chetan And Company

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 27 June 2026
CA Articled Trainee And Paid Assistant

SKAA & Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 20 June 2026
Articleship

RB KESHRI & CO

Mumbai

B.Com

View Details
Company
05 July 2026
Financial Controller

NovumLake Partners

Mumbai

CA

View Details
Company
ARTICLESHIP 30 June 2026
Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
20 June 2026
Chartered Accountant

ANV & Company

New Delhi

CA

View Details