if sub contractor is individual or HUF 1% of tds we will 
deducted if sub contractor is other than individual or HUF 
we will deducted 2% of tds 
tds amount if sub contractor is individual or HUF tds 
amount is 485
tds amount if sub contractor is otherthan individual or huf 
tds amount is 970

In every cases whether it is individual or huf/ Co.or Firm 
the rate of tds is 1.03% .
in this case the tds amount will be 
=48500*1.03%
499.55

48500 TDS


48500 x 1% TDS=485/-
485  x 10%Surcharge =48.5/-
485  x 3% Edu.cess  = 14.55/-

= 485 + 48.5 + 14.55 = 548.05

Rate of TDS ON Sub contract is 1% 
Education Cess is 2% on 1% of Sub contract Value.
and 1% is Higher education cess 

So, total dudution of TDS IS 1.03% 


If The contract value is 48500 deuduction of TDS is 
48500*1.03%= 499.55/-



With Thanks and Regards, 
Fareed, 
Accountant, 
Super Fire Engineering Private limited. 
Mobile No 9866887880.