how to calculate tds on professional fees, salary and services
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 |
Post New Answer View All Answers
If any body have knowledge for vacate position for the post of Accountant kindly mail me verma_moti@yahoo.co.in (handling Accounting upto finalisation,Sales tax/vat,TDS,Service Tax,Excise tax and MIS.
what is vat adjustmant?
We have wrongly used road permit of other party in consignment to kolkatta.The road permit used is the party from Kolkatta.How to resolve the issue ??
how to calculated all taxes their information in details
how we creat e-vat return in tally for punjab
i want to learn income tax work please tell me about all dedutions exempations and income detail...how to calculate tax on net income
tds will be charged by hotel industry on what
Who are non resident?
what is service tax? how its count? and why its count?
please share fy 2017-18 salary tds auto matic excel utility
How do you plan to achieve these goals?
what is the vat rate of Saw dust powder in maharashtra
Where can i get IFAM Banglore details, i came to know that there they are giving Accounts & Taxation Training on Real Projects, and they are providing Job after training. I got one number that is not reachable i.e 9591777526. Please give me if any one knows this Institute details.
WCT charged on firm or on proprietor?
what is fbt@ ,sd @