Dear Sir,
As per agreement with Union , reward is paid by the company to the Children of Operator who has got more than specified percentage . The same is paid on Annual day of the Company. Some time cheque is given in the name of Children of Employee or in the name of employee ?
The amount of reward paid as mentioned above attract TDS liability on the Employee ?
Regards
Pradeep Jain
No TDS Required on Employee Rewards for Children's Academic Achievements, Clarifies Query on Tax Liability. A company, as per an agreement with a union, rewards employees' children who achieve a specified academic percentage. These rewards are distributed on the company's annual day, sometimes via cheques made out to either the children or the employees. A query was raised regarding whether these rewards attract Tax Deducted at Source (TDS) liability for the employees. The response given suggests that, in this view, TDS is not required on these rewards. (AI Summary)
TaxTMI 
TaxTMI 
TaxTMI 
