Tax on honorarium payment
This query is : Open
10 May 2013
Can some advise tax implication if any, being an agency we are paying honorarium to Doctos Rs. 25000/- (total nos. 1500+)on behalf of client?
Regards
Regards
Guest
Guest
(Expert)
10 May 2013
An honorarium is an payment made to a person for their services in a volunteer capacity, especially a famous person or professional.
Hence it can come under the ambit of Technical or professional service and liable for deduction of TDS.
Hence it can come under the ambit of Technical or professional service and liable for deduction of TDS.
10 May 2013
But the individual payment is less than the prescribed limit which is 30K.
Guest
Guest
(Expert)
10 May 2013
The comment was on the system of honorarium,
yes you are right if the aggregates of the amount does not exceed 30000, there is no liability to deduct TDS.
yes you are right if the aggregates of the amount does not exceed 30000, there is no liability to deduct TDS.
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