Salary - TDS for the year (IT Computation)

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Gireesh Hegde (Querist)
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11 March 2009 Hi,

This is Gireesh Hegde.I have a query regarding IT Computation of Employees.Due to Recession effect one of our client not paid their employees salary for the last three months and the company agree with employees for paying their salary for these months (Dec, Jan, Feb and Mar) sometimes in the month of April May 2009.Now my question is while calculating Income tax (TDS) can I treat this as employees income for this year and deduct the TDS for this year? Or employees are personally liable to pay these taxes?

Please revert back with your answers and help me to solve this issue.

Thanks.

Gireesh Hegde
E – Mail : gireeshheg@gmail.com

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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11 March 2009 Section 192 says tax is to be deducted monthly at the time of payment. Pl think on this line.

Gireesh Hegde

Gireesh Hegde (Querist)
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11 March 2009 Meanwhile if we are paying December annd January month salary in the month of May 2009, we need to deduct TDS & remitt the TDS in the month of May 2009?

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Gireesh Hegde

Gireesh Hegde (Querist)
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11 March 2009 Meanwhile if we are paying December annd January month salary in the month of May 2009, we need to deduct TDS & remitt the TDS in the month of May 2009?

CA Devanshi Gandhi (Ajani)

CA Devanshi Gandhi (Ajani) (Expert)
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11 March 2009 it should be deducted when its due or paid. as its decided it is to be paid in april so it gets due in that month. and so right now its not required to deduct TDS.

Gireesh Hegde

Gireesh Hegde (Querist)
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12 March 2009 Thanks for your reply.

If we paid the January to March 2009 salary in the month of April/ May/June 2009 in the view of employees income tax computation sheet it’s the income for the FY 2008-09 or income for the FY 2009-10?

Please confirm.

Thanks.
Gireesh Hegde
E-Mail :- gireeshheg@gmail.com