Income tax on salary paid after 6 month

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

05 April 2013 Dear Experts,

One of our employee worked from Oct, 12 to March 13 but didn't get salary in between due to financial reasons & his 6 month salary paid in the month of March, 2013 i.e. Rs. 20 Lacs & TDS deducted Rs. 4.4 lacs approx.

I would like to ask, whether his salary should be booked in monthly basis & TDS deduct on monthly basis & TDS deposit with interest Or we can book 6 months salary on March 13 and deposit TDS without interest within April, 13.

Waiting for your early response.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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04 August 2013 Accounting need to follow to accrued basis. how ever the salary tds can be deducted at the time of payment so tds can be booked at March and pay with out interest in April-13