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Question 
how to calculate sub contract tds his bill 48500?
 Question Submitted By :: Nagoor
I also faced this Question!!     Rank Answer Posted By  
 
  Re: how to calculate sub contract tds his bill 48500?
Answer
# 1		 if sub contractor is individual or HUF 1% of tds we will
deducted if sub contractor is other than individual or HUF
we will deducted 2% of tds
tds amount if sub contractor is individual or HUF tds
amount is 485
tds amount if sub contractor is otherthan individual or huf
tds amount is 970 
Is This Answer Correct ?    32 Yes 5 No
Kalaveri.pradeep
 
  Re: how to calculate sub contract tds his bill 48500?
Answer
# 2		 In every cases whether it is individual or huf/ Co.or Firm
the rate of tds is 1.03% .
in this case the tds amount will be
=48500*1.03%
499.55 
Is This Answer Correct ?    13 Yes 13 No
Shabd Kumar Choudhary
 
 
 
  Re: how to calculate sub contract tds his bill 48500?
Answer
# 3		 48500 TDS


48500 x 1% TDS=485/-
485 x 10%Surcharge =48.5/-
485 x 3% Edu.cess = 14.55/-

= 485 + 48.5 + 14.55 = 548.05 
Is This Answer Correct ?    15 Yes 14 No
Heera Sawant
 
  Re: how to calculate sub contract tds his bill 48500?
Answer
# 4		 Rate of TDS ON Sub contract is 1%
Education Cess is 2% on 1% of Sub contract Value.
and 1% is Higher education cess

So, total dudution of TDS IS 1.03%


If The contract value is 48500 deuduction of TDS is
48500*1.03%= 499.55/-



With Thanks and Regards,
Fareed,
Accountant,
Super Fire Engineering Private limited.
Mobile No 9866887880. 
Is This Answer Correct ?    19 Yes 9 No
Fareed Ahmad
 
  Re: how to calculate sub contract tds his bill 48500?
Answer
# 5		 Since new changes in TDS rates there is no need surcharges
and educational cess.

if sub contractor is individual/HUF then TDS rate is 1%
then tds Amount =485/- (48500*1%)485/-
other wise tds Amount = 970/- (48500*2%) 
Is This Answer Correct ?    23 Yes 2 No
Nagaraju
 
  Re: how to calculate sub contract tds his bill 48500?
Answer
# 6		 according to ammendment in it. 01/07/2010.

There is no TDS on one time payment of Rs.48500.

& no TDS on fy-2010-11. paid as a full.

one time payment 50000
in a fy-75000

in this case it is not defined that its one time or payment
in a fy total. 
Is This Answer Correct ?    3 Yes 0 No
Guest
 

 
 
 
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