Tds on salary

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

26 July 2012 if X is an employee of the company and his tax becomes Rs 2000/- for the FY 2012-13.

in this case can the company has a option to deduct his TDS of Rs 2000/- in Feb & March 2013

CA mahesh birla

CA mahesh birla (Expert)
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26 July 2012 As per rules company has to deduct TDS on salary on Monthly i.e. every month from april to march equaly

Dintakurthi Tirumala

Dintakurthi Tirumala (Expert)
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26 July 2012 As per the section 192 TDS on salary would be deduct equally for every month on estimation basis. If any difference between estimated salary and actual salary earned and thus difference between estimation tax and actual salary the difference would be deduct in the month of February and/or March.

But Most of all are follows deducting TDS from the month of January to March on the basis of actual and estimated salary as on December.

So you can deduct it in February and March because amount of tax is also low.
But in case there is huge amount of tax for example more than 10000 then better to deduct equally for all the months.

OM SAI SRI SAI JAI JAI SAI

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