TDS

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This discussion clarifies the applicability of Tax Deducted at Source (TDS) for guest lecturers. If the payment is considered professional fees, a 10% TDS applies, reduced to 7.5% between May 14, 2020, and March 31, 2021, for payments exceeding ₹30,000 annually. If treated as salary, the standard income tax slabs apply, with exemptions up to ₹500,000 and tax calculated from ₹250,000 based on the old or new regime.

RAKHESH HN

RAKHESH HN (Querist)
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03 November 2020 ಮಾನ್ಯರೇ, ಅತಿಥಿ ಉಪನ್ಯಾಸಕರಿಗೆ ಟಿಡಿಎಸ್(TDS) ಅನ್ವಯವಾಗುತ್ತದೆಯೇ? ಅನ್ವಯವಾದರೆ ತಿಂಗಳ ಅಥವಾ ವಾರ್ಷಿಕ ಸಂಭಾವನೆ ಎಷ್ಟಿರಬೇಕು? ಹಾಗೂ ಶೇಕಡಾ ಎಷ್ಟನ್ನು ಕಡಿತಗಳಿಸುತ್ತಾರೆ?

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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04 November 2020 if it is salary as per Employee role than upto 500000/- exempt if your taxable Income Exceeds above 5 lac than tax calculated from 2.5 lacs slab applicable as per option old regime or new regime slabs

If you are given as profession than tds applicable 10% due to covid tds reduced from 14/05/20 to 31/03/21 7.5% if croses more than 30000 PA

RAKHESH HN

RAKHESH HN (Querist)
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05 November 2020 ಧನ್ಯವಾದಗಳು ಕವಿರಾಜಾರವರೆ.

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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05 November 2020 ಧನ್ಯವಾದ..................................

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