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tds on salary

subharati banerjee (49 Points)

06 September 2019

when tds deducted on salary... at the time of payment or at the time or exps booked?

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4 Replies

Pranav Aggarwal (525 Points)
Replied 06 September 2019

salary to be deducted only at the time of payment only u/s 192

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Kapadia Pravin (17264 Points)
Replied 06 September 2019

TDS is to deducted at the time of payment or at the time it is provided in books , whichever is earlier

Pranav Aggarwal (525 Points)
Replied 06 September 2019

for sections

192
192A
194B
194LA
194DA

TDS should be deducted on payment basis only.

Kapadia Pravin (17264 Points)
Replied 06 September 2019

Usually you find salary providing for last month March. Bcoz company salary cycle is say 7th of every month then even though payment is on 7th April but salary expenditure considered by providing in current FY and not in next FY and TDS too deducted on it and shown payable in BS