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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
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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 |
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