Tds on salary

sir,

please let me know the below confusion.

 Is salary for the month of march 2013  is added  on 2012-13 TDS calculation,if actual salary  payment   of march 2013 is paid on april 13 month ?

 

i shall be very grateful to you.

thankyou in advance.

Replies (5)

Helloo...friend

 

TDS is deducted on the basis of amount credited or paid , which ever is earlier.

If salary is credited  on 31st march then it should be included in the same year .

 

thanks

 

Salary for the month of March-13 received in April-13 will be taxable in the year 2012-13.

yes it will be added and taxable in 2012-13

TDS is always deducted on the basis of amount credited or paid , which ever is earlier. 

If salary is credited on 31st march 2013 then it should be treated as liability of F.Y. 2012-13. and will be paid to Govt. by April'2013.

Dilip Gupta

due r recieved which ever is earlier is taxable even if u got advance tax for next year it is also taxable in current year

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