Tds on transport allowance
This query is : Resolved
28 March 2012
we are GoI organisation appointed a consultant and is paid rs.100000/-. presently we are deducting 10%tds. Now he is paid Rs.7,000/- per month as transport allowance. Please let me know whether tds is applicable for this (transport allowance) and at what rate? any exemption is allowed on TA?
28 March 2012
Since the person is a consultant and not an employee, he is not eligible for exemption for transport allowance.
The amount shall be clubbed with the consultancy fees and TDS shall be deducted @ 10% on the total amount.
The amount shall be clubbed with the consultancy fees and TDS shall be deducted @ 10% on the total amount.
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