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Discussion > Income Tax > TDS >

Deduction of TDS on Retainer fee

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Engineer

[ Scorecard : 23]
Posted On 08 May 2008 at 11:34 Report Abuse

 

Dear Friends,

My friend is working as a retainer for wipro his salary is 11000 Rs and the TDS deducted is 1037 Rs.

Can u tell me how the TDS amount can be reduced.

Please do needful.

Thanks


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CA. Satish Karambali
Chartered Accountant

[ Scorecard : 29]
Posted On 08 May 2008 at 12:42

He have to apply to Assessing Office of Income Tax for getting Low or No TDS certificate. My opinion is that generally AO don't allow such certificate to professional.




CA Mohit Gupta
practicing chartered accountant

[ Scorecard : 225]
Posted On 08 May 2008 at 14:58

he should declare in form 15G and hand over to employer or he can fill Form 13 to assessing officer for reducing rate and after getting the confermation folllow the answer.



CA Akshat
article

[ Scorecard : 417]
Posted On 09 May 2008 at 10:41

form 13 is tobe filled with CCIT not with AO




CA. Kirti S. Ganatra
Service

[ Scorecard : 1461]
Posted On 09 May 2008 at 11:58

Only option is apply to A.O. with form 13.




(Guest)
Posted On 10 December 2008 at 22:00

I am also working for wipro as retainer and my salary is 17000/- and TDS is 1751/-p.m. (10.3%)

can u help me how to reduce the \tds amt........

 

Originally posted by :Mohit Gupta
" he should declare in form 15G and hand over to employer or he can fill Form 13 to assessing officer for reducing rate and after getting the confermation folllow the answer. "


 




CA Shankar Mallick
Manager (Finance)

[ Scorecard : 238]
Posted On 29 July 2010 at 14:07

I m working for an institution as retainer and my salary is Rs.20000 p.m..

plz tell me TDS rate applicable on it and how to reduce the same.




BASU DEO SINGH
Retainer

[ Scorecard : 21]
Posted On 14 December 2011 at 10:46

Dear Sir

I am working   on retainership basis  in acompany & also a Sr Citizen ( above 60 Yrs of age ).

Pl let me know the  service tax liability & refund there of.

Regards

BDSingh



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