what is the amount of t.d.s if one get 4000/- monthly from
a company on behalf of consultancy charges.
- 5 Answers
- 7594 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / saurabh shukla
TDS RATE 10% ON CONSULTANCY CHARGES, IF PAYMENT IS MORE
THAN 20000 P.A .
IN THE GIVEN CASE ANNUAL PAYMENT IS 48000. SO. EVERY MONTH
TDS IS TO BE DEDUCTED Rs 400.
NO E. CESS AND SURCHARGE IS APPLICABLE FROM 1/4/2009.
| Is This Answer Correct ? | 18 Yes | 3 No |
Answer / chandrakant
CONSULTANCY
TDS RATE 10% ON CONSULTANCY CHARGES
E.CESS AND SURCHARGE IS NOT APPLICABLE FROM 01-OCT-09
TDS Will be 4000*12/10% =4800
AND OTHER HAND
IF WE DEDECT MONTHLY T.D.S
4000*10/100 =400 FOR ONE MONTH
AND TOTAL
ANNUAL-400*12=4800
| Is This Answer Correct ? | 5 Yes | 1 No |
Answer / debananda
No TDS has to be Deducted UPTO when the total payment
>20,000 if you start payment from April 2009 then you have
todeduct tax from the payment of august 2009@10.3%
4000*5=20000*10.3%=2060 TDS
For the M/o Sept.09 TDS Rs. 412
But from the M/O Oct.09 no E.Cess & Surcharge
Then from the M/o Oct.09 TDS will be 400
| Is This Answer Correct ? | 4 Yes | 1 No |
Answer / shivanand kenganal
TDS up to 20000 in FA in not deducted, but you amount is 4000 *12= 48000 so total TDS = 10%on 48000 = 4800
note: if you getting from April month your TDS is not deducted up to Aug month but (4000* 5= 20000) than in the month of sept. you TDS is on (20000 + 4000) @10% =2400 and than @ 10% on 4000 every month is deducted
ans by shivanad kenganal cont No 9823765394
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / kiran
If he Gets 4000/- Monthly
Then TDS =4000*12=48000/-
TDS Will be 10.30% on 48000/-
=4944/-
| Is This Answer Correct ? | 2 Yes | 16 No |
If concern supply garments from outside purchase to movie producer for their production then is it maintain Service Tax if yes then how and at first what steps I have to take?
What is the difference where sales accounted exluding and including of vat, octrai, other taxes?
what is excise duty? what is excise duty percentage on sales?
whether TDS should be deducted first or discount
is there easy guide for the latest India tax & accounting information for 2010?
how & on which amt tax should be calculate on pvt ltd company or ltd company
What is Service Tax Rate & who exempt Service Tax Rate
How to get the C form? If i am a registerd delear
Which permit form(way bill ) will be used for CST billing from Haryana
i have received bill from Catering Service in that they charges VAT and Service tax box.Please clarify wheather it is charge both TAX
What is Excise & Service Tax ? What's Diffarance Excise & Service Tax ?
A is a seller from Hyderabad and Bayer is also from Hyderabad. can issue the c form?
Audit 
