DEAR FRIENDS
I'M CONFUSED WHETHER TDS ON CONTRACT BASIS IS DEDUCTED ON AMOUNT AFTER APPLICABILITY OR ON THE WHOLE AMOUNT WHEN IT'S APPLICABLE, WHICH IS RS.20,000/-
PLS LET ME KNOW AS SOON AS POSSIBLE.
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APPLICABILITY
Replies (3)
U CAN DEDUCT TDS ON THE WHOLE AMT. IF THE AMOUNT PAID OR PAYABLE EXCEEDS RS.20000/-P.A
its on whole amount
regards
It should be deducted on the whole amount. The limit of Rs.20,000.00 is not the basic exemption limit provided. It is the ceiling, beyond which the entire amount attracts TDS.
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