Tax implication on other
This query is : Open
PRAMOD NAYAK
(Querist)
05 October 2023
Dear Sir,
One employer got retired from the Job at age 58 from the Company. But the Company engaged him as an employee paying his dues on monthly basis by cheque. My query is as follows.
1. Can he appointed as a Consultant / Professional ? if yes what will be TDS impact & limit.
2. Can his TDS comes to lower rate as his Annual CTC was around 1.50 lacs
3. What is the best method so that no tax will be deducted from his salary
regards
Pramod
One employer got retired from the Job at age 58 from the Company. But the Company engaged him as an employee paying his dues on monthly basis by cheque. My query is as follows.
1. Can he appointed as a Consultant / Professional ? if yes what will be TDS impact & limit.
2. Can his TDS comes to lower rate as his Annual CTC was around 1.50 lacs
3. What is the best method so that no tax will be deducted from his salary
regards
Pramod
06 October 2023
Yes, You can appoint as consultant. Of appointed as consultant then his payment (salary) can't consider as salary. it will treat as consulting fee and tds applicable as per provisions
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Oct 2025 Invoices
- Under marginal scheme
- Import of Software Service.
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- GST on Renting godown to KFCSC for Storage of Raagi
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
