Advance given to employee
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 September 2015
Dear experts
company has given rs 1 lacs advance to employee, plz let me know weather this advance will be consider in his salary to TDS deduction. or can i show this amount interest free loan to employee....
plz guide me....
thnx in advance....
company has given rs 1 lacs advance to employee, plz let me know weather this advance will be consider in his salary to TDS deduction. or can i show this amount interest free loan to employee....
plz guide me....
thnx in advance....
16 September 2015
Advance is not salary, it is an interest free loan to employee. It should not be subjected to TDS as salary of employee. It is not available as expense deduction to the company.
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