My question is we are having our consultant where we are giving her charges of Rs. 25000 per month so her total charges is 300000 p.a now my doubt is whether i have deduct 10% on every month or 10% on 300000i.e her annual charges?
27 March 2019
Hi Vidhyashree, As per section 194J of Income tax act 1961, a person is required to deduct TDS @ 10% on professional fees paid to a resident in excess of Rs. 30,000 during a financial year. In your case since the annual payment exceeds Rs 30k, you will have to deduct tds at 10pc every month.
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