Tds on salary which ay? - march month paid in april

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

27 February 2012 Dear Sir,

As per 192 Tds on salary is to be paid at the time of payment.

So assuming I pay the march-2012 month salary in april-2012 do i have to deduct the TDS on salary as per AY-12-13 or AY-13-14

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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28 February 2012 Salary TDS applicable based on accrual or payment which ever is earlier. March -12 salary is coming under AY-2012-13 only.even paid in April-12 also

Querist : Anonymous

Querist : Anonymous (Querist)

28 February 2012 But 192 is only on payment if I'm not mistaken right ?

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CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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28 February 2012 Ofcourse only on payment you can deduct TDS u/s.192, but assessment year dealing with year related to the particular Income. if you are paying income related to FY-2011-12, then assessment year 2012-13 only. Hopefully March-12 salary coming under FY-2011-12 income only.