TDS Deduction

[mvs kumar]

Bonus decided by management in our company to pay in the current financial year to one of employee who separated by his resignation in last year. Do the company need to deduct TDS?

AI Summary

TDS Deduction Required on Bonus Paid This Year to Employee Who Resigned Last Year, Confirms Expert Advice. A query was raised regarding the necessity of deducting Tax Deducted at Source (TDS) on a bonus paid in the current financial year to an employee who resigned last year. Two responses were provided. The first advised that when uncertain, it is safer to deduct TDS and deposit it within the prescribed time. The second response confirmed that TDS should indeed be deducted in this situation.