TDS on Salary

For  the purpose of Section 192 TDS is deductible at the time of payment.

Can TDS on salary for the whole year be deducted in the month of February & March only? While the assessee be liable to any interest or penalty if he does so?

Dear Aditya,

you will be liable to pay interest u/s 201(1) @ 1% p.m or part  & you have to pay penalty u/s 221 as the assessing oficer may direct but it should not exceed amount of TDS.

Dear Aditya,

TDS should be deducted at the time of Credit or payment, whichever is earlier

whichever is earlier

 On Payment Basic

 actual payment 

Hey For all TDS is generally to be deducted at the time of Payment or Credit whichever is earlier.

As per may knowledge it is deducted when actually paid...

i am not going through any section bt applying basic knowledge...

one of my client is a teacher in semi govt. school

getting 2.5lacs in arrears

so TDS will be deducted whenever he recives such amouunt

NOT ON ACCRUAL BASIS

and TDS should be deducted whenever the Person's cash salary is more than 1,00,000 as per section 192 (pls check the new amendments ; bt m sure that amount is still 1,00,000)

pls rectify me if m wrong

As per provisions of section 192(1) the employer shall deduct tax at source at the time of payment of salary.

at the time of payment

3.1 Every person who is responsible for paying any

From the above section. It is claer that TDS is to be deudcted at the time of payment and not on accrual basis. One more thing is to be considered that is the total expected salary of the employee should exceed the maximum taxable limit...

3.SECTION 192 OF THE INCOME-TAX ACT,1961: BROAD

SCHEME OF TAX DEDUCTION AT SOURCE FROM "SALARIES".

Method of Tax Calculation:

TDS on salary becomes applicable at the time of PAYMENT, irrespective of accounting date...