how to calculate tds on labour charge
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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)
| Is This Answer Correct ? | 169 Yes | 21 No |
Answer / mittaldn@allinterview.com
in case of company @ 2%
in case of subcontractor 1%
| Is This Answer Correct ? | 108 Yes | 18 No |
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%
| Is This Answer Correct ? | 41 Yes | 8 No |
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
| Is This Answer Correct ? | 10 Yes | 0 No |
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..
| Is This Answer Correct ? | 5 Yes | 1 No |
Answer / faruque
TDS on Labour work has been Relaxed from F. Y. 2011-12 or
Not Pls Rply
| Is This Answer Correct ? | 16 Yes | 24 No |
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