In our company we have deduct monthly tds from employee salary. In that one of employee taken Advance salary Rs.25,000/- of one month & request us to deduct into Monthly EMI Rs.2,000/- his net salary 24000/- after deducting EMI he get 22,000/- .My question is that
1.How much amount i show in tds return monthly in paid / credited colum?? is 22,000/- or 24,000/- 2.If i show 22,000/- in return then advance salary taxable or not???
03 August 2015
Thanks for reply sir, but in salary slip shows the net amount is Rs.22,000/- after deducting his loan amount. Then there is mismatch of salary in form 26 AS(rs.24,000/- & actual paid rs.22,000/-??? Is it correct to show 24,000/-which is not paid actually ?
CAclubindia
