25 November 2010
I am an employee with salary of INR 10lacs. In addition to this I also provided technical services to the tune of 4lacs for which 40K under section 194J .
Please advice do I need to pay income tax in addition to the one already deducted by the client under section 194 J(10%), since my total taxable income goes in the bracket of 30%.
25 November 2010
Since u have got income from salary as well as profession. U need to declare ur consultancy income to the employer and TDS particulars in form 12C. Ur employer will consider other income also along with rs.10 lacs and deduct TDS as per slabs applicable.