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Tds on salary
Can it possible to deduct entire amount of Salary as TDS u/s 192 in the month of March 2013 due to non deduction of TDS from April 2012 to Febuary 2013 ?
Replies (4)
Or you can let him go. Ask him to pay self-assessment tax if there is any tax liability in his computation of income.
no.deduct tax else you have to pay interest for non deduction of tax.
As far as Income Tax Act is concerned one can and should deduct the entire TDS in the month of March if not deducted earlier, even if it amounts to 100% of salary for the month of march.
But you must also ensure, if there is any provision, in any of the labour laws restricting such deduction.
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