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The party has raised service bill for Rs. 120000. The TDS
deductor company made TDS on Rs. 100000 i.e., Rs.20000 is
deducted on the gross bill of Rs 120000. My question is
whether to deduct TDS on Rs.120000 or on Rs. 100000?

Question Posted / shankar

Answers were Sorted based on User's Feedback



The party has raised service bill for Rs. 120000. The TDS deductor company made TDS on Rs. 100000 ..

Answer / alkesh

TDS will be deducted on Rs. 120000/-

Is This Answer Correct ?    12 Yes 4 No

The party has raised service bill for Rs. 120000. The TDS deductor company made TDS on Rs. 100000 ..

Answer / h.r. sreepada bhagi

If the company wants to pay only Rs. 1 Lac., then TDS is
applicable on that amount & if the whole amount is payable,
then it's applicable on Rs. 1.20 Lacs. In other words TDS is
applicable on the total amount payable towards the services
/ contract.

Is This Answer Correct ?    5 Yes 1 No

The party has raised service bill for Rs. 120000. The TDS deductor company made TDS on Rs. 100000 ..

Answer / santhy

The party has to deduct tax on 120000/-

Is This Answer Correct ?    6 Yes 3 No

The party has raised service bill for Rs. 120000. The TDS deductor company made TDS on Rs. 100000 ..

Answer / vishwas

TDS means Tax Deducted at source .It should be deducted on
Amount payable & not on amount paid. Here the bill amount is
Rs. 1.20Lacs i.e. payable. Hence TDS shold be deducted on
Rs.1.20 Lacs only.

Is This Answer Correct ?    4 Yes 3 No

The party has raised service bill for Rs. 120000. The TDS deductor company made TDS on Rs. 100000 ..

Answer / gouthami

TDS will be deducted on Rs:100000/-

Is This Answer Correct ?    9 Yes 10 No

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