Tds on salary
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 April 2013
Car Lease Charges Rs.30,000/- are paid by employer to employee. The car is used partly for official and partly for personal purposes.
Whether employee will be liable to pay tax on this amount ? Employer will have to deduct tds on this amount ?
Whether employee will be liable to pay tax on this amount ? Employer will have to deduct tds on this amount ?
CMA Ramesh Krishnan
(Expert)
17 July 2013
Yes, it is taxable in the hands of employee, based on the car capacity
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