14 December 2009
TDS does not depends upon T.O. it is as per Taxable income in employement,Service which you have Provided or any earning from taxable sourse..thats why tax has beeen deductable at source.
15 December 2009
Dear Murtaza and Ravinder, TDS deduction depends on turnover also in some cases if the deductor is individual or huf assessee. They shall be liable if they are covered u/s 44AB, i.e TO exceeding Rs. 40Lacs/10 Lacs as the case may be. But this is applicable in few sections like professional fees, rent, contrat etc. Not covered for TDS on Salary provisions.
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