Dear All,
I am filing tds retrun for salary. I have a query :
Paid salary to X
apr- 45000 (no tds deducted ) May-45000 (no tds deducted) June- 45000 (no tds deucted)
now for second quater
July - 45000 - paid 40000 ( 5000 tds ),aug - 45000 -paid 40000 ( 5000 tds ),Sep - 45000- paid 40000 ( 5000 tds )
now there is coloum in tds return
Amount paid credited = ?????? date = 30/07/2015
what amount should i fill in this coloum .. 45000 or add last three month salary also
Hi, Form 24 Q is to be filed quarterly basis.
The amount of salary on which the TDS has been deducted has to be mentioned in the column of Taxable Salary (ie Salary after deduction of Conveyance allowance, exempted allowances etc but before considering chapter VI deductions).
For employees whose TDS is not deducted, Taxable salary has to be mentioned but in the column of TDS zero is to be mentioned.
In case you have not mentioned the said employee you can either revise the earlier filed return to add that employee details or accordingly calculate and mention his Taxable salary in the current return keeping in view the disbursed monthly salary. This is to ensure that at the end of the year his Form 16 should show the correct picture for income earned.
Thanks,
Shloka
CAclubindia
