rocky (accountant) 29 January 2021
a company pays salary to director and deduct TDS @ 7.5%
director has to pay 30,000 income tax for current financial year after deducting all TDS.
can company deduct extra TDS in march instead of 7.5% to pay liablity of director
Siva Raj 29 January 2021
There is no TDS rate for Salary, you should deduct average TDS. For example. Total Income Tax for One year is Rs.240000/- then you have to deduct 20000/- per Month. As per your above question you can deduct remaining TDS amount in March.
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