Salary not paid from november till march

This query is : Resolved

rtk (Querist)
Follow

03 May 2016 Salary not paid from November 2015 to March 2016.Does TDS to be deposited every month . Salary of the employee will be paid in May 2016.

rtk

rtk (Querist)
Follow

03 May 2016 They have also deposited TDS from Nov 2015 till March 2016 and salary not paid. I believe TDS on salary is on payment basis and not on accrual basis.

rtk

rtk (Querist)
Follow

03 May 2016 TDS on salary is on payment basis or accrual basis????kindly suggest

Message likes : 1 times

Upgrade to CAclubindia Pro. Subscribe Now!

Abhishek Ranjan Singh

Abhishek Ranjan Singh (Expert)
Follow

03 May 2016 TDS on Accrual basis or Payment basis, which every is earlier. So if TDS is deducting and paid in FY 2015-16 and Payment will be in MAY 2016. In ITR Salary Income will be show in FY 2015-16.

Abhishek Ranjan Singh
ARS Solutions
www.arssolutions.co.in
+919022838615

Note : If you find our reply useful. Please Score us by clicking on "THANK USER"

Message likes : 3 times

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

04 May 2016 TDS on salary is on payment basis.

Rupesh Jain

Rupesh Jain (Expert)
Follow

04 May 2016 tds liablity arise on payment of salary .

Murtaza I Bhagat

Murtaza I Bhagat (Expert)
Follow

04 May 2016 I think if company has not paid salary from Nov to March 2016 but they have credited salary amount and do tds deduction on credit/accrued value which will be paid on may 2016. So if they booked salary in the year where it was applicable then tds will be the same way and in May they will debited the party rather than book salary expense.

Message likes : 1 times