How will tax deductions affect enterprises in India?

All entities in India – including foreign representative offices and Indian setups, such as wholly-owned subsidiaries – are required to make tax deductions at source on employees’ salaries on behalf of the Income Tax Department.

The following payment and compliance schedule shall be obeyed:

• Payment – 7th of the next month; April 30 for the month of March
• Quarterly returns – 15th of the next month from the end of the quarter
• Issue of certificate – 30th of the next month
• Salaried certificate – by 30 May