Tds on salary
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 July 2012
if X is an employee of the company and his tax becomes Rs 2000/- for the FY 2012-13.
in this case can the company has a option to deduct his TDS of Rs 2000/- in Feb & March 2013
in this case can the company has a option to deduct his TDS of Rs 2000/- in Feb & March 2013
26 July 2012
As per rules company has to deduct TDS on salary on Monthly i.e. every month from april to march equaly
26 July 2012
As per the section 192 TDS on salary would be deduct equally for every month on estimation basis. If any difference between estimated salary and actual salary earned and thus difference between estimation tax and actual salary the difference would be deduct in the month of February and/or March.
But Most of all are follows deducting TDS from the month of January to March on the basis of actual and estimated salary as on December.
So you can deduct it in February and March because amount of tax is also low.
But in case there is huge amount of tax for example more than 10000 then better to deduct equally for all the months.
OM SAI SRI SAI JAI JAI SAI
But Most of all are follows deducting TDS from the month of January to March on the basis of actual and estimated salary as on December.
So you can deduct it in February and March because amount of tax is also low.
But in case there is huge amount of tax for example more than 10000 then better to deduct equally for all the months.
OM SAI SRI SAI JAI JAI SAI
Message likes :
1 times
26 July 2012
Agreed with the reply
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- GST on export of services and Input Credit
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- RCM INVOICING FROM NOV-2024
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
- CASE INTIMATION OF LIABILITY UNDER SECTION 73(5)(Rule 142(1A)
- Need to correct "Whether it is last installment " response in Form 26 QB
Trending Online Classes
CAclubindia
