i am peeyush tiwari working in ignou as accounts assistant my salary is 8

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Question

i am peeyush tiwari working in ignou as accounts assistant 
my salary is 8000/-pm i want to know that how much tds i 
have to pay and how and my job nature is contractual basis

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Re: i am peeyush tiwari working in ignou as accounts assistant my salary is 8000/-pm i want to know that how much tds i have to pay and how and my job nature is contractual basis

Answer
# 1

Dear piyush tiwari 

You dont have pay tds as ur salary does not come in the 
slab of deducting TDS
 u r salary comes to Rs:96000/- yearly on the calculation 
of 8000*12 = 96000/- the TDS has to be paid after deducting 
when it goes to 1,50,000/- yearly.

Is This Answer Correct ?

6 Yes

1 No

Suhas

Re: i am peeyush tiwari working in ignou as accounts assistant my salary is 8000/-pm i want to know that how much tds i have to pay and how and my job nature is contractual basis

Answer
# 2

If you are on contractel bases then 8000*12=96,000/-p.a(more
than 50,000/-p.a) then the institute has to deduct TDS
@2.06% on every tranction made to you.


and if you are not on contractal bases then No Tds will be
deducted.

Is This Answer Correct ?

4 Yes

0 No

Shiwani

Re: i am peeyush tiwari working in ignou as accounts assistant my salary is 8000/-pm i want to know that how much tds i have to pay and how and my job nature is contractual basis

Answer
# 3

Hi Peeyush Tiwari,

TDS will be deducted from your contract amount when it 
exceesds Rs.50,000/- (PA) - It will be taker care by the 
Company.

No don't need to worry about paying tax, because your 
income is not coming under the taxable income.

Be Coool.

Is This Answer Correct ?

0 Yes

1 No

P. Navaneetha Krishnan

Re: i am peeyush tiwari working in ignou as accounts assistant my salary is 8000/-pm i want to know that how much tds i have to pay and how and my job nature is contractual basis

Answer
# 4

Hi Peeyush,

This is VJ from Delhi , well peeyush u r on contract basis 
& ur salary is Rs.8,000/- it means it exceeds Rs.50,000/- 
which is the limit for Contractors. so the co. will deduct 
2.06% from ur salary as a part of TDS i.e; Rs.165/- per 
month but it is refundable ......don't worry by filling 
return u can get this amt as refund coz ur salary does not 
exceeds Rs.1,50,000/- P.a .

Is This Answer Correct ?

0 Yes

0 No

Vijay Jaswal

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