25 December 2024
Dear All Is there any rule in income tax or labour law that a person can't get monthly salary & monthly consultancy fees from same organization at a time for service rendered ?
TDS on consultance fees will be deducted as per section 194J of Income Act TDS on Salary will be deducted as per section 192 of Income Act
25 December 2024
Yes , that is theoretical Is there any act or statutory rules related to this guideline (Any reference) ? A person can work as a salaried person as per his employment rule but after his office hrs he can give his technical support / guidance against professional fees to the same company as a professional. In both cases , TDS can be deducted under different sections of income tax to avoid any violation.
25 December 2024
There is only one rule for salaried person that whatever payment + perks + incentives+ wages etc, by whatever name it be called is aggregated to SALARY. After working hours even if he works for the same company it will be termed as overtime, but not professional consultation. It can differ if the organization is different, but not for same organization. No case law supporting your terminology.
CAclubindia
