i am peeyush tiwari working in ignou as accounts assistant
my salary is 8000/-pm i want to know that how much tds i
have to pay and how and my job nature is contractual basis
- 5 Answers
- 7341 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Dear piyush tiwari
You dont have pay tds as ur salary does not come in the
slab of deducting TDS
u r salary comes to Rs:96000/- yearly on the calculation
of 8000*12 = 96000/- the TDS has to be paid after deducting
when it goes to 1,50,000/- yearly.
| Is This Answer Correct ? | 20 Yes | 4 No |
Answer / shiwani
If you are on contractel bases then 8000*12=96,000/-p.a(more
than 50,000/-p.a) then the institute has to deduct TDS
@2.06% on every tranction made to you.
and if you are not on contractal bases then No Tds will be
deducted.
| Is This Answer Correct ? | 16 Yes | 3 No |
Answer / vijay jaswal
Hi Peeyush,
This is VJ from Delhi , well peeyush u r on contract basis
& ur salary is Rs.8,000/- it means it exceeds Rs.50,000/-
which is the limit for Contractors. so the co. will deduct
2.06% from ur salary as a part of TDS i.e; Rs.165/- per
month but it is refundable ......don't worry by filling
return u can get this amt as refund coz ur salary does not
exceeds Rs.1,50,000/- P.a .
| Is This Answer Correct ? | 7 Yes | 3 No |
Answer / p. navaneetha krishnan
Hi Peeyush Tiwari,
TDS will be deducted from your contract amount when it
exceesds Rs.50,000/- (PA) - It will be taker care by the
Company.
No don't need to worry about paying tax, because your
income is not coming under the taxable income.
Be Coool.
| Is This Answer Correct ? | 4 Yes | 3 No |
Answer / rajkumar
no need to cut the tds by the employer bcz the yearly
income of peeyush 96000 p.a. is not exceeding the tax
bracket.no need to cut, no need to give as refundable, as
per my idea.
| Is This Answer Correct ? | 3 Yes | 2 No |
What is corporate Tax
We are Work Contractor. Presently we are under going a infrastructure Project of common wealth Games in Delhi. I want to know that how much wct will be chargeable on this project work???? we are generally using material like, aggregate, coarse sand, bricks, rmc, cement and our labour.
Please tell me what is the meaning of equity share, dividends,share exchange,etc, please give me clear & briefly answer?
how we creat e-vat return in tally for punjab
I am an registered dealer in Rajasthan State, and I am selling goods out of Rajasthan to a registered/unregistered dealer without 'c' form. What cst will be charged on it?
What do you understand by transfer income?
How many types of vat categoryplease tell me all type of vat categories..............
What is MAt
I am a civil Engineer consultant. On an item for example Rs.100, I am adding 4%WCT ie., Rs.4 and I am certifying the contractor bill for Rs.100.00 + Rs.4.00 = Total Rs.104.00. But my client is deducting 4% on Rs.104.00 ie., Rs. 4.16. So, finally contractor is losing Rs. 0.16 on Rs. 100 which amounts to lakhs on the project value. Can you please guide me on this? Santosh Kumar
What is the difference between the excise duty and the sales tax?
what is WCT rate in chhattisgarh
hi,i want to kow the difference between withholding tax and service tax.what is the procedure of calclation of the two.please help.its urgent.
Audit 
