Salary & Professional Fees at a time from same company
This query is : Resolved
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
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
A salaried person can get incentives along with salary, and he can get professional fees as and when he is not an employee.
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.
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.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CAPITAL GAIN REDEVELOPED FLAT
- Multiple payment of self assessment tax for A Y 2025-2026
- Requirement under FEMA &RBI
- REGARDING ITR FILING QUESTION
- Missed TDS
- TDS NOT YET CREDIED
- TDS refund Indemnity Bond
- Gst reverse charge mechanism to be claimed in the month of payment
- Query regarding TDS on EPFO Higher Pension Arrears- under wrong section
- Query regarding reporting of exempt foreign remuneration in ITR
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
