Tds

This query is : Resolved 

14 February 2013 on labour bill we are deducted 2% tds but i want to know that which is the exempted amount. it is 0 or 20000.

14 February 2013 Rs.35000 for a single payment and Rs.75000 for payment in aggregate in a year.

14 February 2013 if one bill is more than 30000 then from first bill tds applicable
but if bills are less, then when agregate cross 75000 then TDS will be applicable

14 February 2013 ya correct i mistakenly mentioned 35000. It is 30000 infact.


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