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what is TDS and how it is calculated,, is veriable
incentives considered for the TDS calculation....???
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Answer Posted / kannabiran . v chennai
THE REAL DEFINATION FOR TDS, "ONCE THE LABOUR GET LABOUR
CHARGES PER YEAR BELOW 75000/- IT'S NOT APPLICABLE FOR TDS.
IF THE LABOUR GET ABOVE 75000/- TDS IS APPLICABLE, THAT
PERSON MUST BE HAVE PAN CARD, TDS IS EFFECT TO 1%. IF THE
FIRM OR INDUSTRY TAKING JOB WORK OR LABOUR WORK OR CONTRACT
WORK, MUST HAVING PAN CARD, EFFECT TDS 2%".
THIS IS CALLED TDS.
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