I am George Moses from Mumbai I am asking the how to
clculate the TDS on Labour ? Sub LAbour.
- 5 Answers
- 7261 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 |
i want to know that how much input credit we can take of service tax if our input service tax is greater than of out service tax what we should do?,,,,,,,,,,plz reply as soon as possible
Please describe wht is role of a excise officer at time of export despatch wht type of documents use
In income tax which statement have 4 limit ?
Our company refundable ST amount but we dont want to refund amt but i want to adjust that refund amount anywhere
what is TDS & CST ????????
for whom it is paid? what is the percentage for thta
Briefly Explanation of Entry Tax when we pay the Entry Tax
tds will be charged by hotel industry on what
if company have receivables Rs 50000 & payables Rs. 65000 then what will be current ratio ?
Company Should deduct TDS or not if a company calls a Saint (Sadhu/Mahatma) for a programme like Pravachan/ Katha/ Pooja ETC ??? If yes then Tax Rate ??? Pl reply in detail with reason of deduction.
What is excise & service tax?
explain the special provisions for computing profit and gains of retail business
Audit 
