Interested to Buy Any Domain ? << Click Here >> for more details...
Hi All,
I am working one company under contractual employee & My CTC
is 9000 per month & take home salary is 8100, they are
deducting 900/- as TDS per month on my salary, as i aware
that, no TDS will be deduct below 160000 per year, can you
plz post the answer or mail me on my mail id
(itsaarmaan@gmail.com) (itsaarmaan@way2sms.com) Thanks in
Advance to all.
Hope you have correct answer & you will post as soon as
possible.
- 3 Answers
- 10381 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / h.r. sreepada bhagi
As mentioned by you, you are working on contract basis.
Hence you are not an employee of the company you are working
for. hence you are paid Rs. 8100/- after TDS as Professional
Charges. What's being done by the company is correct. If you
don't want the Tax to be deducted you need to provide the
relevant certificate to the company (They may guide you).
Other way is, you need to claim refund of taxes deducted
nest year when you file your Income Tax Returns. You need to
get your PAN from Income tax Department, which I hope you
already have. In case you don't have, the company would
deduct tax at a higher rate.
For alternative take guidance from the
Finance/Accounts/Taxation Manager of the company you are
working for.
| Is This Answer Correct ? | 10 Yes | 2 No |
Answer / devatma nand verma
you have not a employee so TDS deducted by co. is correct
because a person provide consultancy its come into
professionals and the rate of TDS on it is 10% if u earn
more than Rs.20000 annualy.
| Is This Answer Correct ? | 4 Yes | 2 No |
Answer / ca. karnav gandhi
You need to check out the TDS ward of you area and go there
and file an application in FORM No 13
here the link where u get d form
http://law.incometaxindia.gov.in/DITTaxmann/IncomeTaxRules/p
df/itr62Form13.pdf
The form is self explainatory
| Is This Answer Correct ? | 0 Yes | 4 No |
what is DATT? and how can assesse get Benefit and what is it section?
how to make entry vat computation/vat payable refundable in tally 9?
tds will be charged by hotel industry on what
Which form we use for depositing TCS?
Our firm is 7 years old. We don't have PT registration for partners as well as employee. If we do it now, will it be a problem or how much penalty will come. Any one can give suggestion.
I am working as account in one of the logistics company for one year. I would like to know about service tax and how can I post necessary entries
Igave a cheque of Rs 25000/- to a Professional. Do I deduct TDS on Rs 25000/, then after three months I further pay the same Professional Rs 40000/-.Have I to pay Tds on 25000 Or Rs 65000/- or only Rs 40000/-,Have I to pay interest on delayed payment for Rs 25000/-?
Provision entry for current Year Income Tax A/c ----Dr To Income Tax Payable A/c Adjustment entry in next Year Income tax payable---Dr To bank A/c kindly tell me which head of income tax a/c and income tax payble a/c
dear sir if i dont know the sell bill amount the. client give me 88036 amount cheque this cheque already cut tds 2.065% how will the service tax how i calculate this pls give easy process.
WHAT IS THE DITECT TAX ?
how to calculate of FBT with example & what is Rate
what is period VAT revised return can be filed?
Audit 
