As Salary is taxable on due or reciept whichever is earlier .whether TDS deducted on Advance Salary shall be permissible in the same year. remember income will become due next year or if not then how would employee get credit of TDS next year
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TDS on Salary
Replies (7)
Dear Kumar,
In case of Advance Salary TDS will be allowed only in the year of receipt of salary, but relief u/s 89(1) can be claimed..
In fact we ware discussing the same thing in another thread follow this thread
"advance salary from a.y. 2010-10"
it is permissible....
It is permissible as per Rule 37 of Income Tax Rules, 1962.
"
Dear Nitin,
Can u plz explain what do u mean by "It is permissible"
I mean the claim of TDS is permissible(allowed).
DEAR NITIN,
Do you mean to say that TDS deducted in A/Y 2008-09 UNDERHEAD SALARY CAN BE CLAIMED IN A/Y 2009-10 just because there was advance salary in A/Y 2008-09..
I M ASKING THIS AGAIN BECAUSE I COULDN'T FIND IT ANYWHERE..
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