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Tds

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(Querist)
11 September 2012 Should TDS be deducted for all payment made as Contract wages to contract workers or is there any limit. Also prescribe what is the rate?
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
11 September 2012 TDS is required to be deducted only if the amount paid during the year exceeds Rs. 30,000/-.
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SANYAM ARORA

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SANYAM ARORA (Expert)
11 September 2012 Tds is required to be deducted only if payment exceeds 30,000 in case of single payment & 75000 in case of totality.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
07 October 2021 In case the payment exceeds the exemption limit, TDS is required to be deducted on TOTAL amount.

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