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I am George Moses from Mumbai I am asking the how to
clculate the TDS on Labour ? Sub LAbour.
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Answer Posted / 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 |
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