Answer Posted / fareed ahmad

Rate of TDS ON Sub contract is 1%
Education Cess is 2% on 1% of Sub contract Value.
and 1% is Higher education cess

So, total dudution of TDS IS 1.03%


If The contract value is 48500 deuduction of TDS is
48500*1.03%= 499.55/-



With Thanks and Regards,
Fareed,
Accountant,
Super Fire Engineering Private limited.
Mobile No 9866887880.

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