We have hired a IT person to take care of IT service for one of our branches. Could you please tell me if the rate of TDS 10% or 2 % as it a firm. This is FY 2015-16
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Rate of TDS - IT service manpower
Replies (4)
Is it under a contractual agreement or prof fees. If contractual agreement, then 2% else 10%
Thanks what if payee is individual
if the person who received the payment is INDIVIDUAL then it will be 1 %
My point here was Wrt contract and prof fees.
Of the payee was an individual then TDs on contractor would be 1% and prof fees would be 10%
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