Income tax paid by employer
This query is : Resolved
10 March 2014
Our company is car mfg. It offer a scheme to employee for free car. Co. pays EMI directly to bank with Insurance charges. It shows emi addition & deletion in salary slip.Employer born the TDS on this emi amount & add the TDS part on this EMi amount in salary again. Pls guide whether this extra tds on emi added in salary is exempt to employee or not. Also can employer get deduction of this expenses.
Rupesh Jain
(Expert)
10 March 2014
tax on perquisites exempt u/s 10 (10Cc) for employee
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