It or tds rates for contract lecturers
This query is : Resolved
Asmatullah Khan
(Querist)
22 January 2018
I would like your kindself to help me in Income Tax related doubts.
I am working on contract basis as a Lecturer in a Polytechnic Institute and getting a consolidated pay of 40000 Rs per month. My Administrative Officer is planning to cut TDS according to 194J. My query is whether its appropriate to apply 194J, as I need to suffice the same earned money for remaining 2 months as my contract terminates for every 10 months and every time there is no certainty that the contract gets renewed once again.
I am working on contract basis as a Lecturer in a Polytechnic Institute and getting a consolidated pay of 40000 Rs per month. My Administrative Officer is planning to cut TDS according to 194J. My query is whether its appropriate to apply 194J, as I need to suffice the same earned money for remaining 2 months as my contract terminates for every 10 months and every time there is no certainty that the contract gets renewed once again.
CA R SEETHARAMAN
(Expert)
22 January 2018
Yes it's appropriate to apply 194J. Full time employee 192 TDS applicable.
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