Why there is no specific tds rate mentioned for section 192b
This query is : Resolved
15 June 2017
Why there is no specific tds rate mentioned for section 192B ?
Nikhil Kaushik
(Expert)
15 June 2017
because you need to deduct tax on salary as per the actual tax liability based on slab rates.
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Amol S Joglekar
(Expert)
15 June 2017
compute and then deduct accordingly. That is the responsibility cast on to the head of deductor
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Amol S Joglekar
(Expert)
16 June 2017
can you please give some numerical example of what you mean by service tax?
Nikhil Kaushik
(Expert)
16 June 2017
you have the option of deducting TDS only on the base amount and exclude service tax from it. So lets say if the invoice is Rs 100 and service tax is Rs 15. you deduct 10% TDS (assuming 194J application to the invoice) and remit Rs 105 to the service provider. Deposit Rs 10 as TDS to govt.
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