TaxTMI 
TaxTMI 
Deduction of TDS - New perquisite valuation rules
17 Feb 2010 
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TDS on perquisites: employer must consider perquisite valuation when deducting tax from employee salary payments.
Payment of education fees by an employer to an educational institution for an employee's MBA should be treated as a perquisite included in salary; where an employer-employee relationship exists, TDS under section 192 is required to be deducted after applying the perquisite valuation rules. (AI Summary)
Payment of education fees by an employer to an educational institution for an employee's MBA should be treated as a perquisite included in salary; where an employer-employee relationship exists, TDS under section 192 is required to be deducted after applying the perquisite valuation rules. (AI Summary)
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