Tds on consultancy fee paid

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Desikan (Querist)
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20 December 2013 If we pay consultancy charges of rs 15000 per month, whether TDS is deductible on the balance amount which exceeds the threshold limit of 75000/- per annum????please advice.

Thanks but, only on the excess of 30k we have to calculate the TDS, or on the whole value paid during the year.

Ganeshbabu K

Ganeshbabu K (Expert)
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20 December 2013 on payment to consultancy service tds is required to be paid under section 194J
.
.
threshold limit is 30000 for year
.
.
hence in your case you have to deduct 10% on 15000 for every month
.
.
once threshold limit crossed tds applicable on all payments

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