24 September 2014
Generally employers make provisional computation of income of its employees & deduct tds on monthly basis from beginning of the year or date of joining, whichever is earlier... Can employer compute provisional income n wait till the month when it's employees salary exceeds basic exemption and then start deducting tds..... If yes... Is there any interest leviable for late deduction n late payment.....
24 September 2014
for the employees whose annual income is expected to exceed the minimum exempted limit, you need to deduct TDS on monthly basis only. Non-deduction would attract interest liability...
CAclubindia
