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TDS on salary

06 September 2019

if one month employer forget to deduct tds on salary and made payment full Amt of salary then this month tds entry has been made and next month this tds amt has been submitted to nsdl site or not?

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5 Replies

Kumar Sushank (General Manager - Finance) (1040 Points)
Replied 06 September 2019

Yes, employer can deposit the same in next month.

sabyasachi mukherjee (26130 Points)
Replied 06 September 2019

Income tax computation
is not being calculated like that.
Its deducted on the basis of income earned by the assesse in the financial year.
The threshold limit is there.
admissible allowances and exemptions.
rest u calculate.

Kapadia Pravin (17249 Points)
Replied 06 September 2019

Employer should immediately deduct TDS as early as possible that is on next salary when TDS was under deducted or forgotten in any earlier months

sabyasachi mukherjee (26130 Points)
Replied 06 September 2019

A projection is given at the beginning of every financial year.
Accordingly the designated staff calculates tax after considering all investment by the employee.
If the tax liability is huge which is only applicable in case of employee who are in higher tax bracket say above ten lakhs annually.
for them the designated staff has to deduct tax every month.
In any other caees there can be adjustments.

Suresh Thiyagarajan (Student) (3986 Points)
Replied 06 September 2019

1. TDS if not deducted by an employer for one month by mistake will be deducted the next month together.
2. If TDS is deducted for next month (including previous month) the same will be shown under NSDL site only the month in which the TDS was deducted. If TDS not deducted it will not be shown under NDSL site.
Please correct me if the above solution has an alternative view.