tELL ME

Hi kumar

DUE DATE FOR DEPOSIT OF TDS WILL BE 07th JUNE in ur example.

Due date for deposit of TDS on salary - within 7 days from the end of the month in which deduction is made. TDS on salary is deducted on payment basis.

07.06.10

TDS provisions are not followed in your entry.

TDS except on salary is deducted due or payment basis whichever is earlier.

The entries should be like

Rent A/c ....................................................Dr.              40

                    To TDS Payable on rent                                    4

                    To Party A/c                                                           36

Party A/c .................................................Dr.               36

                    To Bank A/c                                                           36

and TDS should be deposited till June7, 2010