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Advance salary

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(Querist)
11 October 2010 A company pay to its employees advance salary of Rs. 100000 in september and in further month an equal amount of Rs. 10000 adjusted from his salary . Taxable or not??? and what is advance against salary?
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CMA. Subhash Kumar Jha

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CMA. Subhash Kumar Jha (Expert)
11 October 2010 Advance salary is taxable on payment & accordingly TDS should be calculated on that.
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gaurav

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gaurav (Querist)
11 October 2010 Thanks Sir , one more Question is the advance against salary is diff from salary advance
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CA Navin Jain

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CA Navin Jain (Expert)
11 October 2010 both term are same
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gaurav

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gaurav (Querist)
12 October 2010 Navin ji they are not same....

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