| Originally posted by : MRM | ||
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As per Section 192 of the act, Income-tax has to be calculated at the average rate of income-tax computed on the basis of the rates in force for the relevant financial year in which the payment is made, on the estimated total income of the assessee. Therefore, the liability to deduct tax at source in the case of salaries arises only at the time of payment. Also, salary TDS is the only TDS where the liability to deduct TDS arises only at the time of payment. In all other cases, liability to deduct TDS arises at the time of credit or payment whichever is earlier Regards MRM |
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TDS on Salary
Provision or payment wchever is earlier
abe gadhon CA final main aake aisa sawal puchoge
the language of law is clear and CBDT ka haar saal annual TDS on salary ka circular mikalta hia usme saaf likha hita hai TDS is to be deducted at the time of actual payment
Please find the Booklet of IT dept it is also written there
https://www.incometaxindia.gov.in/Archive/TDS_on_Salaries.pdf
FCA Manish Aggarwal
0965498976
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