Tds on salaried employees

This query is : Open

maruthi (Querist)
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26 February 2014 Dear Expert,
As Iam an Employer, I dont Deduct TDS on Employees Salary paid from the beginning, But at the end in the Month of Jan,Feb,& March now i deducted the TDs for the Whole Year.
What will be the Consequence,& is it can be do so Or do i need to file all the Qtr TDS return

Pls guide me on the above Query...

Thank You,

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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04 March 2014 As per Section 192, TDS on salary is required to be deducted at the time of payment. Further TDS is required to be deducted at an average rate.

So TDS on salary is required to be deducted every month.

maruthi

maruthi (Querist)
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04 March 2014 Thanks for your replay sir,

But now i dont deduct it every month but now can i deduct it at the end of the year and deposit to the Department, Is there any consequences and what is the penalty and interest for it

Thank you.

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