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how to calculate tds on professional fees, salary and services
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Answer Posted / sunil
Tds is deductable at the rate of 10.3% of professional and
technical service if the total agreegate amount exceeds
amount 30000/-
Suppose a person submit the invoice of amounting Rs 6000/-
Per month. Now total services is 72000/- which is exceed the
amount of 30000/-
So we deduct Tds on First invoice at the rate of 10.3%
=6000*10.3%
balance amount should be released.
| Is This Answer Correct ? | 36 Yes | 8 No |
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