Can any one tell me whether tds is deductible by company on staff loan given interest free & which rate applies? Loan amount recovered by deducting from salary. If yes, then is there any other way to save from tds deduction?
Vivek Khakhkhar (Assistant Audit Manager) (201 Points)
12 March 2014Can any one tell me whether tds is deductible by company on staff loan given interest free & which rate applies? Loan amount recovered by deducting from salary. If yes, then is there any other way to save from tds deduction?
Manoj Mehta
(Head Of Department (Accounts & Finance))
(1479 Points)
Replied 12 March 2014
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