Please tell about Work Contract Tax and How much % to be
deducted, Which type of contractors come under this WCT and
what is the procedure after deducting the Tax.
Answers were Sorted based on User's Feedback
Answer / manoj
WORK CONTRACT TAX IS ALSO CALLED AS LABOUR CONTRACT TAX IN INCOME TAX WORK CONTRACT TAX IS DEDUCTED UNDER SECTION 194C AT 2% ON 30,000 AND ABOVE VALUE p.a.. ITS IS DEDECTED ANS LABOUR CHARGES
| Is This Answer Correct ? | 3 Yes | 3 No |
IF my Salary 150000 PA wat is my Basic salary ,PF,ESI And Other
what is the formula to calculate the VAT , ST,Excise payable to govt
What is rate of TDS for Mainteance Charges for Office space
CAN FILL HARYANA SALE TAX RETURN ONLINE?IF FILL THEN HOW?WHAT IS THE PROCESSORS FOR FILLING HVAT RETURN?
what is D-1, D-2, Vat-C4,
what is c form?state with examples?
Suppose that a sub-contractor total work done for Rs.100 & he charged 10.3% service tax.Then total gross value will RS.110.30.On what amt you will (that means on total work done or total gross value)charged Retention@10%,WCT@3% & TDS@2%.
What is diff between Sales Tax
what r the deductions from salary ?
What is the CST rate in India for sale of Tractor spare parts
We paid advance rent of office for next 6 months, when should we pay the TDS into bank, is it will monthly or it will be in advance?
What are the procedures for remitting WCT?