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