Hi,
A contractual employee who is appointed on contract for 1 year with an India based company to work as a Deliver Manager, needs to pay how much tax?
I understand it falls under 194J which means 10% but is there any other tax he needs to pay? The yearly compensation is 20lacs.
Thank you for the support.
Regards
Liv
If he is an employee, then anything paid to him is treated as salary for income tax purpose. Tax will be deducted u/s 192.
CA ANOOP P K & ASSOCIATES
Kozhikode
CA Inter
View Details
Synergy Keystone
Mumbai
CA
View Details
Austin Med Solutions Pvt Ltd
Bengaluru
CA
View Details
CCI
Pro
CAclubindia
