Tds on notice pay reimbursement
This query is : Resolved
13 September 2019
Sir
We are a public limited company
we are paying notice pay reimburement of Rs. 1 lac to our new joinee which he had to pay for joining early
Kindly confirm whether we have to deduct tds on that and rationale of that also
Regards
We are a public limited company
we are paying notice pay reimburement of Rs. 1 lac to our new joinee which he had to pay for joining early
Kindly confirm whether we have to deduct tds on that and rationale of that also
Regards
13 September 2019
In my opinion, reimbursement of notice pay is part of perquisite and it is to be included in the salary income of new employee and applicable TDS ( 5%/20%/30%) to be deducted
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