TDS u/s 192 salary

When a company deduct TDS on salary on 31-03-2008. When will be the due date of tax deposit? 07-04-2008 or 31-05-2008. pls tell.

Replies (7)

7th of next month ie 07-04-2008

31st May

The due date of tax deposit will be 07-04-2008

07-04-2008

will b d due date

TDS to be deducted on the date in which you are accounting the salary as expenditure and the same to be remitted on 07th April 2008

With respect to payment of TDS, Except Salary All other payments made or credited on 31.03.2008, the due date is 30th may where as for salary it is 7th april only

hi i m an accountant. can any1 tell me how can help our employees to reduce their TDS on salaries.like which allwances i can take in to account. and yes on which amt TDS is calculated? on basic salary or gross or net ? please reply me

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