Tds @

santosh (MBA) (31 Points)

24 October 2016

Sir please tell me the TDS deducted @ of light man monthly Fixed wages

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2 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (174190 Points)
Replied 25 October 2016

Monthly fixed wages may be treated same as salary, and may attract sec. 192. But if its contractual then section 194C will be applicable.

SUNEEL KUMAR (Sr. Accounts & Finance Executive) (163 Points)
Replied 26 October 2016

1 ) If you are pay wages as a employee then TDS deduction should be according to slab rates (192)

2 ) if you are paid to any contractor then deduction should be @ 1% for indivisual/HUF @ 2% for others.

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