TDS
This query is : Resolved
18 March 2010
dear expert,
i want to know about TDS on salary
whether it is deducted on payment basis,
or on journal basis
pls clear me its urgent
i want to know about TDS on salary
whether it is deducted on payment basis,
or on journal basis
pls clear me its urgent
18 March 2010
Journal basis...normally march salary booked in march ...paid in april..TDS to be deducted in march only
18 March 2010
Yes I agree with g.ramesh
rule is clearly said dat credited or paid whcihver is earlier
rule is clearly said dat credited or paid whcihver is earlier
18 March 2010
Income tax is to be deducted from salary, under section 192, monthly AT THE TIME OF PAYMENT where estimated taxable salary exceeds the maximum amount which is not chargeable to tax.
18 March 2010
Aree with Mr.Chakrapani warrier ,for sec.192 tds deduction on payment
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