If a company pays the salary for its employees on the first day of the succeding month . Say March in April 1st , April in May 1st then when should the tax be deducted ??
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TDS on Salary
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Dear Nishant,
In case of Salary TDS is to be deducted at the time of payment therefore on First of succedding month.(For salary of April - 1st May)
The same has to be deposited within 1 week from the end of the month in which it is deducted..(For salary of April - Paid on 1st May - Tds has to be deposited till 7th June)
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