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Tds on notice pay reimbursement

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(Querist)
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
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A.S.SUNDARARAJAN

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A.S.SUNDARARAJAN (Expert)
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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