Taxability
This query is : Resolved
Akhilesh Jhanjhari
(Querist)
12 November 2011
gud afternoon,
I want to know that there is a employee from srilanka who resides in India for more than 182 days.
wat 'would be the tds rate applicable & any exemption limit applicbale on his salary.
Company also reimburses air fare from srilanka. then it is taxable in whose hands ?????
Reply soon
thanks
I want to know that there is a employee from srilanka who resides in India for more than 182 days.
wat 'would be the tds rate applicable & any exemption limit applicbale on his salary.
Company also reimburses air fare from srilanka. then it is taxable in whose hands ?????
Reply soon
thanks
CA PARAS BAFNA
(Expert)
13 November 2011
As per Section 6, he is a resident.
Whether ordinarily or extra(not) ordinarily
it depends upon the fact, whether he satisfies the additional conditions or not.
.
TDS rates and deductions provisions would apply, as applies normally for residents.
.
For reimbursement of air fare, the purpose has to be seen. Whether he is being sent for company's business purpose or going on leave (LTC) etc.
.
In the query, it is not clear about the purpose. In general, what ever is paid by the employer can be treated as salary and as such the perquisite is taxable in the hands of the employee.
.
Whether ordinarily or extra(not) ordinarily
it depends upon the fact, whether he satisfies the additional conditions or not.
.
TDS rates and deductions provisions would apply, as applies normally for residents.
.
For reimbursement of air fare, the purpose has to be seen. Whether he is being sent for company's business purpose or going on leave (LTC) etc.
.
In the query, it is not clear about the purpose. In general, what ever is paid by the employer can be treated as salary and as such the perquisite is taxable in the hands of the employee.
.
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