Loan Advance Taken From Salary

Deepak Kumar (Chartered Accoountant) (270 Points)

15 February 2010  

I have taken loan from my co. of Rs. 100000/.  In feb 2010. & It will deduct from my salary by Rs. 10000/- Monthly installment. From March 2010. Will this loan be add in my  salary as advance salary & Tds will be deducted. Currenty my salary is 40000. p.m.