Tds on salary advance or loan

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

28 March 2018 Dear Sir,

In a pvt ltd company , given salary advance to employee then any TDS is applicable in salary advance, and
In a pvt ltd company , given interest free loan given to Employee, then any TDS is applicable towards loan

please suggest

Sandeep Dharar

Sandeep Dharar (Expert)
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28 March 2018 Yes, TDS is applicable on advance salary (provided his/her salary cross the Taxable limit as mentioned u/s 192B).

No, TDS is not applicable on Interest free loan, reason- no interest component present in loan.