how to calculate tds on labour charge

Answer Posted / nichit pandurang

1) TDS on labour charges are exmpted for per Bill Amt less
than Rs - 20000 and total bill amt for the FY is less than
Rs - 50000

2) Tds on labour charges before 30th sep is 2.06 for
indivitual & Company for 2.266 percent

2) TDS rate change on 1st of oct 2009 removed cess & S&H
ecess

4) on 1st april 2010 the tds rate was same but not
submition of PAN no it will be 20%

Is This Answer Correct ?    41 Yes 8 No



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