Interested to Buy Any Domain ? << Click Here >> for more details...
how to calculate sub contract tds his bill 48500?
- 6 Answers
- 15507 Views
- Capital IQ, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / kalaveri.pradeep
if sub contractor is individual or HUF 1% of tds we will
deducted if sub contractor is other than individual or HUF
we will deducted 2% of tds
tds amount if sub contractor is individual or HUF tds
amount is 485
tds amount if sub contractor is otherthan individual or huf
tds amount is 970
| Is This Answer Correct ? | 37 Yes | 7 No |
Answer / nagaraju
Since new changes in TDS rates there is no need surcharges
and educational cess.
if sub contractor is individual/HUF then TDS rate is 1%
then tds Amount =485/- (48500*1%)485/-
other wise tds Amount = 970/- (48500*2%)
| Is This Answer Correct ? | 25 Yes | 2 No |
Answer / fareed ahmad
Rate of TDS ON Sub contract is 1%
Education Cess is 2% on 1% of Sub contract Value.
and 1% is Higher education cess
So, total dudution of TDS IS 1.03%
If The contract value is 48500 deuduction of TDS is
48500*1.03%= 499.55/-
With Thanks and Regards,
Fareed,
Accountant,
Super Fire Engineering Private limited.
Mobile No 9866887880.
| Is This Answer Correct ? | 20 Yes | 10 No |
Answer / guest
according to ammendment in it. 01/07/2010.
There is no TDS on one time payment of Rs.48500.
& no TDS on fy-2010-11. paid as a full.
one time payment 50000
in a fy-75000
in this case it is not defined that its one time or payment
in a fy total.
| Is This Answer Correct ? | 3 Yes | 1 No |
Answer / heera sawant
48500 TDS
48500 x 1% TDS=485/-
485 x 10%Surcharge =48.5/-
485 x 3% Edu.cess = 14.55/-
= 485 + 48.5 + 14.55 = 548.05
| Is This Answer Correct ? | 17 Yes | 16 No |
Answer / shabd kumar choudhary
In every cases whether it is individual or huf/ Co.or Firm
the rate of tds is 1.03% .
in this case the tds amount will be
=48500*1.03%
499.55
| Is This Answer Correct ? | 13 Yes | 17 No |
what is the ESI ? TELL ME RATE HOW TO WRITE ENTRY
Let me know the clauses (A)& (B) Of section 113 of the finance (No.2)Act2009?
I am working at Himachal Pradesh, let me know cant i adjust entry tax in vat? if no then why or yes, please exlain.
how many salary + incentive aplicable for TDS ? Ex. 10,000 is salary and incentive is 8,000 can deduct TDS?
What is the general format for a consolidated file extension? It is showing invalid file format? So how to solve the error? How to correct the file format? Help me how to know the general consolidated file format like is it tan no_finan.Yr-quarter-type.Tds is this format correct one? Last time i have found the extension as .Csi is it correct?
What is minium bill of TDS Deduction Example If Contractor give us 1st Bill - 10000/- 2nd Bill - 15000/- 3rd Bill - 7000/-
can we take credit under service tax of services taken after 6 to 7 months?
If some service provider gives a bill having service tax. say cost of service is Rs 100, He is adding 12.36% sevice tax. Total comes 112.36. we have to deduct TDS @ 11.33%. On what amount we should deduct TDS? (on 100 or 112.36 )
when charges PURCHASE @ 12 % TAX RATE ?
What is FBT % for the F-Y (2008-2009). & A-Y (2009-2010)
2 Answers Easiprocess, Tech Plus,
Is there any change in the section 80DD for the financial year 2009-10
What is the rate of TDS applicable for Advertisement in FY 2008-09 (Individual+Company)?
Audit 
