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Tds u/s 192

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Querist : Anonymous (Querist)
22 February 2013 If advance salary is paid to a director then how will the TDS under sec 192 be calculated & deducted on the same?
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CA Prashant Gupta

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CA Prashant Gupta (Expert)
23 February 2013 if it is salary
then 192 will be applicable
advance salary will be clubbed in this year salary
like if April salalry will received as advance in March, then in this year 13 month salary will be calculated
and next year 11 month salary

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