TDS Payment

Kind Attn Mr raju

If u have made provision for exp in the month of March  and deducted TDs then u may deposit the Tax up to 31st May 09.in same Assessment Year. But if you have paid expenses in the month of March or before then u must deposit the Tax upto 7 th april 09.

You should accounted those expenses in books of accounts and deposit the TDS.

As per Accrual bais Expenses should be booked with in the financial year belongs and TDS libility are raise when yopu credit/paid the amount.  As per your query you have already deduct TDS from the Bills so you have to deposit the TDS at on time.

could u pls tell me how tds on salary is calculated and how it is e-filed?

Hi Divya

First of All u should decide the aligibilty for deduction of TDs i mean Gross salary  for the year shud be more than basic exemption limit. Consider the deduction Us 80 CCC to 80 D. Then Find out taxable Amount. and Tax payable thereon. That tax to be deducted from salary as TDS.