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TDS Deduction on actual amount

This query is : Resolved 
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(Querist)
23 May 2022 I am working as a Freelance Consultant (as an Individual)with a Consulting Co into Recruiting business. Being into professional service the TDS Deduction works at 10%.
The working model is that I am eligible for 50% of the income from the assignments that I handle. I am not into any employment model with them.

Now if an income of Rs. 1,00,000/- is generated from an assignment and the Client is making the payment to the Consulting company of 90,000/- after deducting 10% TDS.
So in the above situation the consulting company will further deduct 10% TDS on 45,000 (50% of amount received) and pay me 40,500 or it will deduct 10% TDS on 50,000/- which is 50% of the actual income generated.

Please if someone can give inputs on this.
Thanks
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
23 May 2022 In my view company has to deduct TDS on 50000 i.e. on actual income generated
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Saurabh Anokhchand Jain

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Saurabh Anokhchand Jain (Expert)
28 May 2022 TDS will be applicable on Rs. 50,000, Income which has been generated and not Rs. 45,000 i.e. amount received
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TalentHunt Consultants

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TalentHunt Consultants (Querist)
28 May 2022 Hello Rashmi,
Thank you very much for the information.
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TalentHunt Consultants

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TalentHunt Consultants (Querist)
28 May 2022 Hello Saurabh, Thank you very much for the information.
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
28 May 2022 Welcome.... My Pleasure......
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