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what is the amount of t.d.s if one get 4000/- monthly from
a company on behalf of consultancy charges.
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Answer / saurabh shukla
TDS RATE 10% ON CONSULTANCY CHARGES, IF PAYMENT IS MORE
THAN 20000 P.A .
IN THE GIVEN CASE ANNUAL PAYMENT IS 48000. SO. EVERY MONTH
TDS IS TO BE DEDUCTED Rs 400.
NO E. CESS AND SURCHARGE IS APPLICABLE FROM 1/4/2009.
| Is This Answer Correct ? | 18 Yes | 3 No |
Answer / chandrakant
CONSULTANCY
TDS RATE 10% ON CONSULTANCY CHARGES
E.CESS AND SURCHARGE IS NOT APPLICABLE FROM 01-OCT-09
TDS Will be 4000*12/10% =4800
AND OTHER HAND
IF WE DEDECT MONTHLY T.D.S
4000*10/100 =400 FOR ONE MONTH
AND TOTAL
ANNUAL-400*12=4800
| Is This Answer Correct ? | 5 Yes | 1 No |
Answer / debananda
No TDS has to be Deducted UPTO when the total payment
>20,000 if you start payment from April 2009 then you have
todeduct tax from the payment of august 2009@10.3%
4000*5=20000*10.3%=2060 TDS
For the M/o Sept.09 TDS Rs. 412
But from the M/O Oct.09 no E.Cess & Surcharge
Then from the M/o Oct.09 TDS will be 400
| Is This Answer Correct ? | 4 Yes | 1 No |
Answer / shivanand kenganal
TDS up to 20000 in FA in not deducted, but you amount is 4000 *12= 48000 so total TDS = 10%on 48000 = 4800
note: if you getting from April month your TDS is not deducted up to Aug month but (4000* 5= 20000) than in the month of sept. you TDS is on (20000 + 4000) @10% =2400 and than @ 10% on 4000 every month is deducted
ans by shivanad kenganal cont No 9823765394
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / kiran
If he Gets 4000/- Monthly
Then TDS =4000*12=48000/-
TDS Will be 10.30% on 48000/-
=4944/-
| Is This Answer Correct ? | 2 Yes | 16 No |
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