Dear All, Please help,
Is it necessary to deduct Tds on salary on monthly basis or will it be appropriate, if Tds is deducted at the year end instead of on monthly basis
Thanks
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Tds on Salary
Replies (8)
it should be deducted on monthly basis
We need to deduct the TDs on salary monthly basis as per the provisions of income tax. While calculation the TDS give max benefit of all provision of income tax act. If you failed to deduct the tax on monthly basisi then it amount to voilation of law.
BE CAREFUL.
We need to deduct the TDs on salary monthly basis as per the provisions of income tax. While calculation the TDS give max benefit of all provision of income tax act. If you failed to deduct the tax on monthly basisi then it amount to voilation of law.
BE CAREFUL.
it should be deducted :
at the time of credit or oayment whichever is erlier
so it should be deducted on monthly basis
yes, it is nacessary to deduct tds on salary on monthly basis instead of yearly basis
Dear frined,
It is very necessary to deduct on monthly basis
Sec 192 of the Income tax clearly mentions that T.D.S to be deposited per month by the Employer.
TDS should be deducted on monthly basis u/s 192 of Income Tax act
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