TDS Deduction

TDS 384 views 2 replies

Is tds to be deducted from salary paid to employee for tution fees paid for MBA course to educational insitution ( Amt Rs3lacs ) in view of new perquisite valuation rules. Members views are solicited.

Thanks & regards.

Replies (2)

Dear Sanjay Sir,

I could get ur question exactly -

1) If u have reimbursed Tuition fees then it will be added as perks & accordingly TDS will be deducted

2) If loan has been given to employees that the difference of rate of Interest with the SBI Rate will form part of perks & again has to be considered for deduction of TDS..

It will be consider as perquisit and accd TDS will be deducted.


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