192

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hello how is TDS under seciton 192 for salaries computed practically, like is it deducted every month on average rate basis or can also be deducted at the end of year while last month salary is paid, how is this amt remitted to the government and how the certificate is generated after wards???
Replies (1)

Too many questions.

1. TDS u/s 192 is deducted at average rate- At the begining of the year calculate total income (salary less deductions), compute tax using slab rates on such total income. Using this tax calculate avergae rate on total income and deuct TDS every month using such average rate or just deduct tax on total income in 12 equal amounts.

2. TDS has to be deducted at the time of payment as per s/192 ie. every month and not at the end of the year.

3. Amount is to be remitted through www.tdscpc.gov.in/ online

4. Certificate can be generated through traces only in Form 16.


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