Answer / alkesh

tds on labour can be treated as tds on contract.
n if amount of the labour paid to party is more than rs
50000 in a year or 20000 in a one bill then TDS will be
deducted while making payment to party.

suppose labour charges paid rs 150000 then TDS on the same
amount will be 150000*2% = 3000
(w.e.f 1-10-2009 SEC and HSEC removed )
(10% surcharge if applicable)

Answer / mittaldn@allinterview.com

in case of company @ 2%
in case of subcontractor 1%

Answer / 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%

Answer / vidya

15000*2%=300

Answer / tanuja vaykole

1) ans amount will be 150000*2% = 3000
(w.e.f 1-10-2009 SEC and HSEC removed )
(10% surcharge if applicable)
2)in case of company @ 2%
3)15000*2%=300

Answer / shweta

if (water proofing contractor) bill amount is 30800/- 1% tds=308
so what amount we should give to contractor & also chq amount?
i get confuse..

Answer / faruque

TDS on Labour work has been Relaxed from F. Y. 2011-12 or
Not Pls Rply

i received annual inncentive received with deduction of TDS from My suplier. Total amount 100000/- Inncentive.Rs.90000/- Tds Rs.10000/- how to take entry in my books.

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