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Tds

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26 August 2011 what is the percentage of TDS applicable for an employee taken under contract and serving in the company ? 194 C or 194 J
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suneel

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suneel (Expert)
26 August 2011 194c Refers for contract
194j refers to Professional fees.
If a person is taken in contract u can deduct TDS as per 194c.
But make sure the agreement shows him/her as an contractee and not as an employee.

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