Hw to deduct tds

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

09 December 2013 My employer owns a real estate company where we first develop land and then sell plots. for selling we employ agents and give them commission of rs.8/sq.ft for each plot sale.
we also give them some advance for petrol and other exp. which we deduct from their comm. and also we give them spot commission at the time when plot is booked. rs 5 /sq.ft if plot is in inst and rs 7/sq.ft if whole plot is in cash. my que is on what amt tds will be charged.
for ex: i sale 2 plots 4842sq.ft+1210.50sq.ft=6052sq.ft i will get a comm of rs 6052sq.ft*8/sq.ft=rs.48420 at the end of the month.
I got spot comm.of rs.(4842*5)+(1210.50*7)=24210+8473=32683
and also gets an avance of rs 2000/- for my exp.
so on what amt my employer will deduct tds whether it will be:-
1)48420*10% 2)32683*10%
3)48420-32683-2000=13757*10%
plz help it urgent.

Querist : Anonymous

Querist : Anonymous (Querist)

09 December 2013 plzzz help....