Answer / sunil

Tds is deductable at the rate of 10.3% of professional and
technical service if the total agreegate amount exceeds
amount 30000/-

Suppose a person submit the invoice of amounting Rs 6000/-
Per month. Now total services is 72000/- which is exceed the
amount of 30000/-

So we deduct Tds on First invoice at the rate of 10.3%

=6000*10.3%
balance amount should be released.

Answer / sachin sharma

Ist Answer is fully correct, 2nd is wrong

Answer / smilesagar

professional charges is rs 15000/- per month, 15000*12=180000/- 
180000*10%=18000/12=1500
we shouldn't deduct the aggregate 30000/- amt
 

Answer / shanavas k

professional charge is rs 15000/-per month,individual total
professional charge is rs 15000*12=180000,excemption limit
is rs 30000/-only
calculation
total fees:15000*12=180000
exception limit:30000
150000*10.3/100/12
ie 1287.5 is the one month TDS

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