Interested to Buy Any Domain ? << Click Here >> for more details...
Hi All,
I am working one company under contractual employee & My CTC
is 9000 per month & take home salary is 8100, they are
deducting 900/- as TDS per month on my salary, as i aware
that, no TDS will be deduct below 160000 per year, can you
plz post the answer or mail me on my mail id
(itsaarmaan@gmail.com) (itsaarmaan@way2sms.com) Thanks in
Advance to all.
Hope you have correct answer & you will post as soon as
possible.
- 3 Answers
- 10474 Views
- I also Faced
- E-Mail Answers
Answer Posted / h.r. sreepada bhagi
As mentioned by you, you are working on contract basis.
Hence you are not an employee of the company you are working
for. hence you are paid Rs. 8100/- after TDS as Professional
Charges. What's being done by the company is correct. If you
don't want the Tax to be deducted you need to provide the
relevant certificate to the company (They may guide you).
Other way is, you need to claim refund of taxes deducted
nest year when you file your Income Tax Returns. You need to
get your PAN from Income tax Department, which I hope you
already have. In case you don't have, the company would
deduct tax at a higher rate.
For alternative take guidance from the
Finance/Accounts/Taxation Manager of the company you are
working for.
| Is This Answer Correct ? | 10 Yes | 2 No |
Post New Answer View All Answers
I run a small consultancy firm (partnership with my mother) from my residence address. My firm is not registered, but I do have a separate PAN for it. I do not have any salaried employees. I get work done by freelancers and vendors and pay them against invoice. My annual revenues are just about Rs 5-6 lakhs. I am aware that I would need to register for service tax once I touch Rs 9 lakhs. But I am confused about my obligation to get a TAN and deduct TDS for all vendor/freelancer payments. Are there any minimum thresholds for withholding TDS? Right now I pay 100% of invoice amounts. Please advise.
If we issue a new sale invoice after issuing a Credit Note to the coustomer, for the previously issued sale invoice on which Central Sales Tax @2% was Paid previously,whether we will be liable to pay for charging the sales tax on new invoice and pay to the sales tax department.
The CST assessement for the FY 2006-07 is completed on 31-3- 2010 and the same is received by dealer on 22-4-10. The question is that the dealer colud not produced the original H Forms at the time time asst. except the photostat copies filed. But the CTO not allowed and calculate tax at net 4% on H Forms turnover. CTO is saying that it is time barred by 31-3-10. Therefore even after produced we can not revise. We filed with case laws that it can be revised But when it is time barred it canot be. Therefore I request You to help the dealer ANYCASE LAW is there in the above case Pl. guide us.
what is procedure to get c form? what is procees to get vat /tin no
What is the procedures for withdrawing of form C?
Whether We can Get the Refund of Service Tax Paid Wrongly to the department.We are not suppose to pay the tax and we knew after that we can adjust that servies tax what we have collected from our client aganst services received from our suppliers.
What are the Treatment & Implications in interstate sales transactions if party is unregistered dealer & having Exemption Certificate or exempted.
What is the Rate of Service tax for Short term accommodation services & Restaurant Services ?
can i adusted our vat credit in W.C.T. payable?
meaning of accessory for central excise purpose
why use diff vat forms like vat51 vat3 why
WHAT WE HAVE TO IF WE MAKE A BILL 5% CST IN PLACE OF 2% CST AND DIPOSIT THE TAX
if a person is investing rs.100 per month for 11 months of a year,how much ammount of annuity he will be paid at the end of year?
CERTAIN LIST OF EXPENSES ARE MENTIONED IN SECTION 35D regarding amortisation of such expenses........not included in the list are expenses like administrative expenses,consultancy fees etc...if these expenses are of revenue nature then well and good enough, problem taken care of.If it is not of revenue nature nor is it included in the list, how do u treat such expenses. Do u capitalise them by way of fixed assets or sunk costs or what do u do? any case laws that talk about expenses not mentioned in the section?
Hi, I am a VAT/CST dealer in Pune. I had got a work contract with other AP state government. can i purchase material in AP state on 2% CST on issuing 'C' form and supply the same material to the AP state government on VAT /CST 5%. As the government departments are not issuing 'D' forms. please guide.
