If salary is giving based on percentage of profit, under which section TDS will be attracted
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Quick Summary
This discussion clarifies the tax deducted at source (TDS) applicable when salaries are paid as a percentage of profit. It confirms that regardless of the specific terminology used, if the payment is in the nature of salary, Section 192 of the Income Tax Act will be attracted. A key condition for this section to apply is the existence of an employer-employee relationship.