Tds applicable or not ?
This query is : Resolved
14 December 2011
Hi Dear Frnds,
In Private Limited Company our Sales Statt's are getting Salary morethan 15,000/-PM. apart from this they are getting monthly basis Mobile & fuel allowences. My query is wheather TDS is applicable or not for above this Staff's. Please suggest me.
In Private Limited Company our Sales Statt's are getting Salary morethan 15,000/-PM. apart from this they are getting monthly basis Mobile & fuel allowences. My query is wheather TDS is applicable or not for above this Staff's. Please suggest me.
Darshit Joshi
(Expert)
14 December 2011
If their taxable salary exceeds 180000/- than you are required to deduct TDS. In respect of Mobile and fuel exp if it is in the nature of Allowance than it is to be added to taxable salary. however if it is in the nature of reimbursement of expenses done on behalf of company it should not be taken into account while computing taxable salary.
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