tds on salary
This query is : Resolved
saraswathi
(Querist)
28 August 2017
if the employee working on contract basis.
what is the TDs rate under which section.
Ashiwini Ballodia
(Expert)
29 August 2017
If treated as contract than TDS@1% u/s 194C
OR
If treated as employee than TDS to be deducted u/s 192 as the slab applicable to individual
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CA Sheonarain
(Expert)
29 August 2017
TDS on salary shall be made under section 192. whether employee is working on permanent basis or contract basis.
calculation will be made on the basis of slab rates.
calculation will be made on the basis of slab rates.
29 August 2017
Employee working on contract basis is not on the rolls of the company so the bill submitted by the vendor ie on manpower bill deduct tds @1% or 2% as the case may be under section 194 C SEC 192 will not apply to a contract based employee
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CA Sheonarain
(Expert)
29 August 2017
Since query asked was as "if the employee working on contract basis. what is the TDs rate under which section?"
There is no question of hiring of manpower through a contractor.
If labor is hired through contractor then sec 194c will attract..
Labor hired directly by employer on contract basis will be covered under sec 192.
There is no question of hiring of manpower through a contractor.
If labor is hired through contractor then sec 194c will attract..
Labor hired directly by employer on contract basis will be covered under sec 192.
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