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)

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

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)

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)

05 November 2020 ಧನ್ಯವಾದಗಳು ಕವಿರಾಜಾರವರೆ.

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)

05 November 2020 ಧನ್ಯವಾದ..................................

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