Taxability of interest on advance against salary
This query is : Resolved
30 January 2014
Dear All,
Kindly tell the tax liability on advance against salary. is advance against salary is traeted as interest free loan from employer ?
Kindly tell the tax liability on advance against salary. is advance against salary is traeted as interest free loan from employer ?
30 January 2014
HI
Yes advance against salary is taxable perq same as Int. free loan.
Thx
Yes advance against salary is taxable perq same as Int. free loan.
Thx
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