Hi,
I am working for a software company and looking to get 3 months of my salary as advance/loan to address the financial difficulties raised due to my relocation. I am hoping to pay that back to the company monthly over a period of 12/24 months. Below are my questions:
1) Is this advance/loan amount taxable?
2) Can my employer auto-deduct the agreed repayment from my salary?
3) Should the repayment be before tax or after tax?
4) If employer can't auto-deduct, can I pay from my bank account to the employer account?
5) Will my employer incur any tax?
Please advise.
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279 views1 replies
1 replies
279 views
1 replies