Interested to Buy Any Domain ? << Click Here >> for more details...
I am George Moses from Mumbai I am asking the how to
clculate the TDS on Labour ? Sub LAbour.
- 5 Answers
- 8977 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / motilal
labour is contractual job for tds . for calculating you
calculate TDS 2% of amount paid + 2% of deducted amount of
tds for cess + 1% of deducted amount of tds for edu. cess
i.e 2.06% of whole amount for deduction.
And for sub labour :-
calculate TDS 1% of amount paid + 2% of deducted amount of
tds for cess + 1% of deducted amount of tds for edu. cess
i.e 1.03% of whole amount for deduction.
| Is This Answer Correct ? | 6 Yes | 0 No |
Answer / yash
there are certain limits for deducting tds for individuals,
firms, companies, co-operative societies etc.
1)When you make a single payment of Rs. 20,000/- or
2) Total bill exceeds Rs. 50,000/- in the financial year
2.266% for contractors & 1.133% for sub-contractors is the
maximum limit of tds you can deduct.
other wise there is 2.060 & 1.030% is also there
| Is This Answer Correct ? | 7 Yes | 2 No |
Answer / thanuja
Labour is nothing but contract job. Calculate TDS @ 2.266%
on the total job work in case of labour work. In case of
sub-labour or sub contractor, TDS rate applicable is 1.133%
| Is This Answer Correct ? | 6 Yes | 4 No |
The TDS on Contractor is 2%, and in case of Sub-Contractor it is 1%.
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / sudeep
Plz clarify my doubt, Suppose the Job work bill was submitted by the party for Rs 10000 then tax will be calculated as 10000/102*2= 196.
Expense 10000 dr
To Supplier 9804 cr
To Tds 196 cr
Is this entry correct
| Is This Answer Correct ? | 0 Yes | 2 No |
in any sales promotion material can we issue any C form to party
scrap material value 5000/- vat rate is 5%+tcs. now my question is 1.how much value of tcs & vat. 2.after taxable value add vat or add tcs (before vat or tcs) & how much value of vat & tcs. Plz reply me
What is TDS
what is Gratuity? why it is deducted ?
how we calculate the tds on salary.
when an endorsed bill dishonored, for the endorsee, it become the laibility? 1)of the drawee 2)of the drawer 3)of the payee 4)of the indorser
In India for various goods supplied Excise duties applied by suppliers on goods? How to check this.. Is there any website in
When a company sold the material to is customer which is at another state under Form-C his bill was pertaining to first quarter but the customer received in second quarter. The customer will issue Form-C as per Invoice date or Material Received date.
What is the limit to applicable the surcharge on TDS.
What diffrance between TDS & TCS.
can we accept Rs.20,000/- and more as advance against order from costumer?
Which Schedule must prepared with Balance Sheet as a supporting documents. breifly explain? like depriciation,debotrs,creditors
Audit 
