Guest faculty

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

30 March 2012 I am a guest faculty with a college teaching graduate students.

Above 30,000 paid in together jan 2012, feb 2012 @10% tax they are deducting. Tax is now being deducted on the whole of 30,000 also. Is it correct?

I do not have any other income, so do not fall under IT bracket.

Please reply.

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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31 March 2012 If the payment exceeds Rs. 30,000/- during the year, TDS is required to be deducted on the TOTAL amount paid and not on the amount exceeding Rs. 30,000/-.

You will have to file a return and claim refund of TDS.

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