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.
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Answer Posted / 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 |
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