TDS from payments to an ex employee
This query is : Resolved
03 December 2009
If a professor retires during the year and comes back to college after two months, during the same assessment year, as visiting faculty, at what percentage TDS has to be deducted from his honorarium? Will it still be proper to consider his payment under employee(As employer employee relationship was existing for some time during the A.Y )or under the category of professional payment(194J)? Can you please clarify?
03 December 2009
You have choosed the word honorarium and not salary. Employer employee relationship absent. 192B not applicable.
Your 2nd option(194J) seems to be more logical.
Your 2nd option(194J) seems to be more logical.
03 December 2009
Yes its depends upon Honorarium what you have suggest as Salary or Consultancy...
if its not Salary then you can go with sec.194J
if its not Salary then you can go with sec.194J
03 December 2009
On the date he ceases to be a proffessor the salary status ends When he begins after 2 months and payment is made for his services as a proffessional then the Provisions of 194J apply for the remaining part of the AY
03 December 2009
The Deduction will depend on the contract. its a consultant or employee.section 192 is applicae if appointment wording says salary ,Else deduct as professional.
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