https://www.taxtmi.com/forum/issue?id=116276 Under Section 192, the obligation to deduct tax on salary arises at the time the salary is paid; therefore, if an employee's final settlement is paid in the next fiscal year, the employer may deduct tax at that payment date, even though a provision was recorded in the earlier year, and the applicable tax rate at payment may differ from the prior fiscal year. en-us Thu, 07 May 2020 12:39:33 +0530 Thu, 23 Jan 2025 15:54:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=116276 Under Section 192, the obligation to deduct tax on salary arises at the time the salary is paid; therefore, if an employee's final settlement is paid in the next fiscal year, the employer may deduct tax at that payment date, even though a provision was recorded in the earlier year, and the applicable tax rate at payment may differ from the prior fiscal year. Discussion-Forum Income Tax Thu, 07 May 2020 12:39:33 +0530 https://www.taxtmi.com/forum/issue?id=116276