salary advance to employee on interest
This query is : Resolved
16 November 2010
Hello,
My doubt is if a company gives salary advance to employee on say 10% interest and company is receiving interest earned then whether any TDS is involved in this situation?
surya
My doubt is if a company gives salary advance to employee on say 10% interest and company is receiving interest earned then whether any TDS is involved in this situation?
surya
16 November 2010
Interest paid by salaried Individual so they no need to deduct the TDS on their payment
17 November 2010
Hi,
TDS & Interest are different.these are not connected.Your TDS will be on liability(if u are in Tax slab) .Interest is fixed.
TDS & Interest are different.these are not connected.Your TDS will be on liability(if u are in Tax slab) .Interest is fixed.
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