Case Laws :: Sec 192 explains TDS obligation on Medical Reimbursement & LTC components of a CTC of an employee

CLR Editorial Notes: In this case related to TDS and LTC of an employee, it was noticed that the assessee (in this case - Infosys BPO, Bangalore) had recruited employees under a contract of employment which provided the salary as a ˜cost to company™ or ˜CTC™. Once the employee had determined the CTC, he/she was permitted… Read More

Tags: Bangalore, Business, Commissioner of IT, Commonwealth Law Reports, Income tax, IT Act, Leave Travel Allowance, LTC, Payment, Salary, Section 192 of the IT Act, Tax Deducted at Source, TDS