All Questions › Category: Blog › 194IB 0 Vote Up Vote Down Kinsey singh asked 7 years ago 194IB Sir, Can i deduct tax on per month basis instead of deducting on the last day of the financial year Answer the question 1 Answers 0 Vote Up Vote Down Deepak Bholusaria, CA answered 7 years ago Yes, but you will have to file form 26QC every month, and issue form 16C for each deduction. Please logon to https://contents.tdscpc.gov.in/en/e-tutorial-taxpayer.html for more tutorials.