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.
- 3 Answers
- 9104 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / 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 |
Answer / devatma nand verma
you have not a employee so TDS deducted by co. is correct
because a person provide consultancy its come into
professionals and the rate of TDS on it is 10% if u earn
more than Rs.20000 annualy.
| Is This Answer Correct ? | 4 Yes | 2 No |
Answer / ca. karnav gandhi
You need to check out the TDS ward of you area and go there
and file an application in FORM No 13
here the link where u get d form
http://law.incometaxindia.gov.in/DITTaxmann/IncomeTaxRules/p
df/itr62Form13.pdf
The form is self explainatory
| Is This Answer Correct ? | 0 Yes | 4 No |
What are the exemptions from salary
10 Answers Influx Info Solutions,
1. what are the ledgers to be open for service tax accounting & under which group in tally? 2. what is the journal entry to be pass when adjusting input & output service tax at the end of the month? Regards Sakthivel sakthi_135@hotmail.com
wats the journal entry for payament of Company's Income Tax & under what head does income tax comes in TAlly
HOW A PARTNERSHIP FIRM CALCULATE TAX ON INCOME
i have received bill from Catering Service in that they charges VAT and Service tax box.Please clarify wheather it is charge both TAX
A ca charge a bill on his client of rupees 100000 and charge service tax @ 12.36%, party make payment after dedicate tds @10% what enters be made in the books of CA and party.
Dear Sir, we have purchased Poly Covers ( 360mm x 560mm)for raw material use.This Input vat claim it or not ?
What are the streamlined sales and use tax agreement?
What's the meaning of sale of goods in course of import into india?
what is central excise tax
HOW THE INTEREST WILL BE CALCULATED IF WE MAKE INCOME TAX RETURNS LATE AND WHAT IS MEANT BY YEAR END?
can we have benefit of CST in VAT (Haryana). explain?
Audit 
