Tds on salary
This query is : Resolved
reema banwari
(Querist)
05 December 2014
I WOULD LIKE TO KNOW WHETHER THERE IS TDS LIABILITY ON INTEREST FREE LOAN GIVEN TO EMPLOYEE
06 December 2014
Interest free loan is a perquisite in the hands of the employee. Accordingly the perquisite value of such interest free loan is taxable in the hands of the employee.
Since the perquisite value of the interest free loan is taxable in the hands of the employee, TDS is required to be deducted on such perquisite value.
Since the perquisite value of the interest free loan is taxable in the hands of the employee, TDS is required to be deducted on such perquisite value.
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