Reimbursement of car driver salary

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Querist : Anonymous

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Querist : Anonymous (Querist)
24 June 2010 Our company is registered limited company. and we are reimbursing the driver salary of Rs.6000/- to our GM. whether it is to be added to his salary income for TDS deduction or can take exemption. Car is provided by company.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
24 June 2010 Need to add to Salary as perqusites and value as per Perqusites valuation rules and deduct TDS
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Querist : Anonymous

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Querist : Anonymous (Querist)
25 June 2010 Thank you Mr Ramesh and is there any other solution for avoiding tax
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
25 June 2010 It may not possible to avoid the tax which is actually taxable perquisite in the Act
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