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Labour charge 100000 deduction tds 5%
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Answer / ajit sharma
tds 5 % not applicable for labour contractor and entry is labour charges dr 100000
to tds 2000
to contractor 98000
| Is This Answer Correct ? | 2 Yes | 0 No |
Rate of TDS Deduction for Labour is 1% or 2%
Individual/HUF 1% >100000*1%
Other than Individual/HUF 2%>100000*2%
75,000 is the limit Per year.
30,000 is per transaction
| Is This Answer Correct ? | 1 Yes | 0 No |
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