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Time limit for issue of TDS certificate

CA CS CIMA Prakash Somani (Landmark Group) (23502 Points)

17 May 2011

Can you tell me the time frame within which TDS certificate is to be issued to the payee (Salarised & Non Salarised) ?
Thanks & regards

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3 Replies

Deepak Gupta (CA Student) (15922 Points)
Replied 17 May 2011

1) Periodicity & Date by which TDS certificate needs to be issued
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Form 16 (Salary Certificate): In case of salary payments, an annual TDS certificate in Form 16 is to be issued by the employer to the employee by May 31 following the end of relevant financial year.
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For Example: The TDS certificate (Form 16) for FY 2010-11 must be issued on or before May 31, 2011.
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Form 16A (For TDS on income other than salary): In case of payments other than salary, the deductor is required to issue to the deductee, Form 16A on a quarterly basis within 15 days from the due date of furnishing the quarterly TDS statement.