Dear Gurus,
if employee getting loan from company around 50000/- can be taxable or not.
wheather employer have to deduct the income tax while giving the company loan or not
with regards
partha
Dear Gurus,
if employee getting loan from company around 50000/- can be taxable or not.
wheather employer have to deduct the income tax while giving the company loan or not
with regards
partha
No , there is no need to deduct TDS But there can be FBT if company charge you very less interest on the same.
For example
If the Compay get a loan near about 12% Interest Rate & the company Provide Loan to Employees @ 9% can the company is liable for FBT
no tds
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