Results 1 to 3 of 3

Thread: TDS from Salary

  1. #1
    Unregistered
    Guest

    Default TDS from Salary

    Can a company pay an X amount to it's employee in April '11 and deduct tax at source for this X amount FY 2010-11 and simultaneously include this amount in the pay slip of Mar '10? Isn't this a violation of the income tax regulations?

  2. #2

    Default

    Quote Originally Posted by Unregistered View Post
    Can a company pay an X amount to it's employee in April '11 and deduct tax at source for this X amount FY 2010-11 and simultaneously include this amount in the pay slip of Mar '10? Isn't this a violation of the income tax regulations?

    Since the amount X is paid only in April 2011, the employee will show it as income for FY 2011-2012 and TDS can be deducted for FY2011-2012 only.

    TDS and tax calculation are done on payment/income paid/received during a FY in which it has been paid/received.

  3. #3
    New Member priya899's Avatar
    Join Date
    Apr 2011
    Location
    nd
    Posts
    8

    Default

    Hi friends,

    Nice post....
    I hope we are share more usefull information here…….

    thnaks,
    Priya


Similar Threads

  1. Scholarship/Salary Offer for Master student/RA
    By handsbella in forum Career Education
    Replies: 1
    Last Post: 29-10-08, 09:08 AM
  2. The ridiculous salary for elected representatives in India
    By Manish393 in forum Your Voice / Community Center
    Replies: 0
    Last Post: 20-07-08, 04:23 PM

Share this page with your friends

Share this page with your friends

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •