TDS UNDER SECTION 192 salary

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15 Points Posted on 26 October 2021
Dear sir, Can employer deduct tds on salary monthly basis when he file returns yearly?
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On 26 October 2021 at 14:46 Report
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This discussion clarifies that employers must deduct Tax Deducted at Source (TDS) on salaries on a monthly basis, as per Section 192 of the Income Tax Act. While the deduction is monthly, the filing of Form 24Q, which reports these deductions, is done by employers on a quarterly basis, not yearly.

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Chartered Accountants
2015 Points Posted on 26 October 2021

yes. TDS payment and deductoin liability is always on monthly basis 

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On 26 October 2021 at 16:01
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Chartered Accountant
24588 Points Posted on 26 October 2021
Yes...
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On 26 October 2021 at 19:16
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15 Points Posted on 26 October 2021
I mean can he file 24Q returns
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On 26 October 2021 at 19:40
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Chartered Accountants
2015 Points Posted on 28 October 2021

no, form24 Q IS FOR EMPLOYER to file

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On 28 October 2021 at 16:52
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Chartered Accountant
24588 Points Posted on 01 November 2021
24q is filed by employers
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On 01 November 2021 at 17:41

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