08 March 2023
Dear Sir, In our organization in appointment Letter we agree to pay Rs. 300000/- to a employee after completion of 3 years.
We made provision for Retention payable for first two year but we have not yet paid as 3 years yet not complete
Please confirm whether we have to deduct the TDS on this amount in first 2 years. and if we paid the TDS for first 2 years and employee leave the organisation before completion of 3 years. what will be accounting treatment.
08 March 2023
how much amount is paid during one financial year? What does your appointment letter say about the service .. Is it wages or salary or any contractual payment?
CAclubindia
