SOMETHING IS BETTER THAN NOTHING
1095 Points
Joined December 2012
Time Limits for Payment of TAX
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Different Situation
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Time Limit for Deposit of Tax
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When Payer is the Government or when is made on behalf of the Government
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TDS is deposited without Challan |
Same Day |
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TDS is deposited with Challan |
On or before 7 days from the end of the month in which the deduction is made. |
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Tax on Perquisites opt to be deposited by the employer |
On or before the 7days from the end of next month in which Income-Tax is due under section 192(1A). |
When Tax is Deducted by a person other than Government
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When the income or amount is credited or paid in the month of March |
On or before 30th April. |
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In any other case |
On or before 7 days from the end of the month in which the deduction is made. |
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Tax on Perquisites opt to be deposited by the employer |
On or before the 7days from the end of next month in which Income-Tax is due under section 192(1A). |
192(1a) refers to the non monetary perqusites for which employer has to pay tax on behalf of employee and for employee though included insalary he will get exemption u/s 10(10cc),