Deduction of tds
This query is : Resolved
22 March 2012
Being Accountant I wish to know that whether Repayment of House loan and interest on house loan is to be considered or not by the Deductor (Employer) for the purpose of calculation of TDS on salary.
Whether service and other levy charges paid on premium of LIC and other policy are to be considered or not as part of premium for the purpose of TDS deduction
Whether service and other levy charges paid on premium of LIC and other policy are to be considered or not as part of premium for the purpose of TDS deduction
24 March 2012
While computing TDS on salaries the employer has to consider repayment of principal repayment and interest on housing loan.
Further, charges levied by LIC form part of premium.
Further, charges levied by LIC form part of premium.
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