Tds

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

14 June 2013 Dear Sir,
There is a Govt. Inter College and they are depositing TDS through bank challans.
Suppose Salary of April 2013 which is paid in the 24 May 2013.
Then TDS should be deposit on the same day like 24/05/2013
or
It can be deposited in the first week of June 2013
or
It should be deposited with in 7 days of payment.

Please clarify.

Thanks in advance.

CA Kapil Verma

CA Kapil Verma (Expert)
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14 June 2013 it should be deposit within 7 day from end of the month.

i.e 7 may 2013

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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14 June 2013 TDS on salary u/s.192, need to pay with in 7 days from the last day of the month in which deduction is made. so salary paid on May-13 and actual deduction made on May-13 only. you can pay the TDS by 7th June 2013

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CA Kapil Verma

CA Kapil Verma (Expert)
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14 June 2013 thanks sir for the clarification.