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TDS Deduction on actual amount

This query is : Resolved 

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

23 May 2022 In my view company has to deduct TDS on 50000 i.e. on actual income generated

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




28 May 2022 Hello Rashmi,
Thank you very much for the information.

28 May 2022 Hello Saurabh, Thank you very much for the information.


28 May 2022 Welcome.... My Pleasure......



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