Tds on salary.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 June 2012
Hello friends.I have a doubt on a practical situation which is like this:
Our company has revised the Salary structure retrospectively from month of April 12. But for TDS u/s 192 has been deducted for month of april and May has been deducted and already deposited.Now company is paying the revised excess amount in month of June 16.
Q:1.Is the excess amount will treat as salary for month of April And May Respectively?
Q2. If it will treat as salary for that months then company has to pay interest u/s 201 ( @1% & @1.5%).
Q.3. If it will treat as performance bonus , then which is Cut off payment date without interest.
Pls reply with reasons and provision of IT Act, thanks....
Our company has revised the Salary structure retrospectively from month of April 12. But for TDS u/s 192 has been deducted for month of april and May has been deducted and already deposited.Now company is paying the revised excess amount in month of June 16.
Q:1.Is the excess amount will treat as salary for month of April And May Respectively?
Q2. If it will treat as salary for that months then company has to pay interest u/s 201 ( @1% & @1.5%).
Q.3. If it will treat as performance bonus , then which is Cut off payment date without interest.
Pls reply with reasons and provision of IT Act, thanks....
16 June 2012
treat it as arrear and deduct tds at the time of payment
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