Is it reqd to deduct tds on evry mnth?
Or only on march!?
Whn v calculate tds on salary for dis yr (2013-14) do we considr rebate?
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Tds on salary
Replies (3)
As per IT rule, an employer should deduct on salaries every month, remit it and file it quarterly. Some big companies seem to deviate from this and deduct totally at the end of the year.
Now filling the e-filing acknowledgement Nos for Q1/Q2/Q3/Q4 in Form-16/16A is mandatory. With compulsory mention of these nos, they cannot dodge hereafter.
If they do so, late filing penalty will be levied.
regards,
It is good to deduct TDS every month but not compulsory, but it is certainly not allowed to deduct TDS on the last month of the year.
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