what is deduction date?

 Hi friends,,

The employer pay salary to an employee on 05/01/2010. what is the date of tds deduction in this case?

I hope u help me.

 

Thank you.

Replies (1)

Dear Suresh,

TDS in case of Salary is to be deducted at the time of payment and has to be deposited within 7 days from the end of the month in which deduction is made...

So in this case date of deduction would be 05/01/2010 & time limit for deposit would be 07.02.2010

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