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18000/00

Neeraj Kumar (Manager) (35 Points)

11 February 2016

We are paying Rs 18000.00 per month for secuirty gaurd pls write us how much TDS should be deducted

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Ruchi (CA) (1410 Points)
Replied 11 February 2016

If the security guard is working as an employee with you then his total salary for the year will be 18000×12= 216000, which is less than the exemption limit , hence no tds.

but if you are paying this amount to any security agency which in turn pays it to the security guard then tds will be 10% of 18000 which should be deducted every month.

Sathish M (Management Accountant) (40581 Points)
Replied 14 February 2016

Whether the security guard engaged as an employee or on contract basis ? If employer, TDS on slab rate basis under section 192 to be deducted. On the other hand if the security guard is engaged in terms of contractual obligation then TDS to be made as per the provisions of section 194 C either at 2% in case of Companies or at 1% in case of individuals and firms, where the amount exceeds Rs. 30,000 for single payment or exceeds Rs. 75,000 in aggregate for the whole year.