Tds
This query is : Resolved
06 September 2014
Pls let me know how to calculate tds rate on recd payment from party
e.g.Suppose we recd Rs.18000/- after tds deduction now, i want to calculate on which rate tds is deducted.
Here B/Amt Rs.20000/-
e.g.Suppose we recd Rs.18000/- after tds deduction now, i want to calculate on which rate tds is deducted.
Here B/Amt Rs.20000/-
06 September 2014
It depends on the section under which TDS has been deducted. You can back calculate it based on the applicable percentage of TDS. In the given case if applicable percentage of TDS is 10% then the amount in which TDS deducted is Rs 20000.
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