Tds in case of outstanding salary

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

04 October 2012 as per sec 192 ,tds on salary is to be deducted when salary is paid.
So what happens in case of outstanding salary.Is there any requirement to deduct and pay tds ? If yes , what % of interest be charged under sec 201(1% or 1.5% pm)? Is the employer required to file Quarterly returns?
Plz help.
thanks in advance!

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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04 October 2012 TDS on salary need to deduct on accrual or paid which ever is earlier. so once accrued TDS need to be deducted. There is 2 situations if the TDS deducted not paid then interest rate is 1.50% per month interest, if TDS need to be deduct but not deducted then 1% per month. so this case 1.50% interest. quarterly return also need to be filed