FY2018-19, for all the first three quarters Education cess was calculated and paid at 3% instead of 4%. TDS returns also were filed at 3% only. How can i correct the education cess amount to 4% in the challan and make the same correction in the TDS returns also. how can the above corrections be made, please let me know
From India, Hyderabad
From India, Hyderabad
Query is not clear
TDS under Section 192 (salary) does not need to be revised, but additional deduction will be payable in present quarter
as the 3 to 4 % change is came in light with budget 2019 (after final submission of 3Q Returns) , old TDS returns will not get effected, however the assessee will have to pay the additional SC
for a safeguard, the deductor may calculate and deposit the additional amount in present TDS challan and return.
628TDS under Section 192 (salary) does not need to be revised, but additional deduction will be payable in present quarter
as the 3 to 4 % change is came in light with budget 2019 (after final submission of 3Q Returns) , old TDS returns will not get effected, however the assessee will have to pay the additional SC
for a safeguard, the deductor may calculate and deposit the additional amount in present TDS challan and return.
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TDS circular.pdf
Salary Sheet & PF PT Calculation & Challan Nov 2010.xls