Itds on salary

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

15 May 2013 Dear Friends,

Requested to clarify about the Interest Liability on TDS from Salary under the following Condition:-

1. The employer is not regular in deducting TDS on Monthly Salary.
2. Deducted TDS at the year end from March 2013 Salary.
3. Filled nil return on Salary on Account of TDS during the 1st three quarters

Can deduction and deposition of TDS once at the end of the year attract any kind of interest?

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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04 July 2013 Yes. salary tds need to deduct on monthly basis. if failed to deduct first 3 quarters then interest will apply for late deduction and payment