amt of tds is to be deducted
This query is : Resolved
29 May 2011
res sir,if i have already paid rs.60000 in part payment to individual contractor each pmt is less than rs.30000 and now i m paying rs.20000 again and total amt increases to rs.80000 then what amount of tds is to be deducted
29 May 2011
On Rs 80000/- you have to deduct tax.
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02 June 2011
Deduct TDS@2% on the payment made to the contractor.
02 June 2011
For individual contractors TDS Rate is 1%.
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