Tds on salary

This query is : Resolved

isha (Querist)
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14 January 2014 I get salary every month and the salary exceeds the basic exemption limit..but i do not pay tds monthly its cut annually i.e in the end..so is this right?
and if the tds in cut in the end at once will i be charged interest of any sort?

CA Deven

CA Deven (Expert)
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14 January 2014 No interest is payable if TDS is deducted in the end...But better practice is to allocate on a monthly basis..

Employer is responsible to deduct it why you are bother for it.

@VaibhavJ

@VaibhavJ (Expert)
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14 January 2014 Hi,

It is not correct, since it affects cash flow of employee also as pet IT guidelines it is advised to deduct on monthly basis.

Refer Not. 8/2013 of IT act.

Thanks

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