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amt of tds is to be deducted

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(Querist)
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
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
29 May 2011 On Rs 80000/- you have to deduct tax.
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Timsy Dua

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Timsy Dua (Expert)
02 June 2011 Deduct TDS@2% on the payment made to the contractor.
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
02 June 2011 For individual contractors TDS Rate is 1%.

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