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how to calculate sub contract tds his bill 48500?
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Answer Posted / 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 |
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