Dear Friends,
Now, we are paying LTA (Local Travelling Allowances) Rs. 100 per day (monthly 2500) for all our staffs along with Salaryand showing travel reimbursement in the pay slip.
Can we add this LTA in the Salary and deduct TDS u/s 192B?
mohanraj_vkj @ yahoo.co.in
L.T.A exempted U/s Sec 10(5) does not form part of Salary.Hence you need not consider that portion for the purpose of T.D.S.But you must provide such details in Part B of Form 16 and arrive the taxable Salary.
CAclubindia
