Deduction of TDS - New perquisite valuation rules

[RAMACHANDRAN H]

Dear members, Is tds to be deducted from salary paid to employee for tution fees paid for MBA course to educational insitution ( Amt Rs3lacs ) in view of new perquisite valuation rules. Members views are solicited Thanks & regards H.Ramachandran

AI Summary

TDS Deduction Required on MBA Tuition Fees Paid by Employer Under Section 192 for Employee Salary Perquisites An individual inquired about the requirement of deducting TDS from an employee's salary for tuition fees paid for an MBA course, amounting to Rs. 3 lakhs, under new perquisite valuation rules. A respondent clarified that if there is an employer-employee relationship between the payer and the payee, TDS must be deducted under section 192, considering the valuation of perquisites.