if salary of March,2020 paid on April in next f. y then tds will be deducted in that time & this tds will be paid on next month I. e. may month. then Itr on 19-20 ,tds payment included with this tds Amt or not?
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Quick Summary
This discussion clarifies the treatment of TDS on salary when the payment date falls into the next financial year. If March 2020 salary is paid in April 2020, the TDS is deducted in April and paid in May. Although the payment occurs in the new financial year, the salary amount is accounted for in FY 19-20. Consequently, the TDS deducted in April will be reflected and claimable in your FY 19-20 Income Tax Return (ITR).
March-2020 TDS on salary paid in next month as per due date on may...
But, salary value enter in FY 19-20 account as provisional basis and salary paid in April month (some employer issued the salary on March end... So, No need confusion.
Yes... The march month's salary related tds deducted in March salary & it will be deduct in salary paid in April. And also it's paid and return in Apr or May as due date. The TDS will be claim in ITR for the FY 19-20...
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