How to calculate tds

A/c entries 875 views 1 replies

i am accountant and student of ca 

plz help me how to caluculate TDS on labors payment 

wat is the limit for the labour payment without TDS 

Replies (1)

As per section 194C if any single payment exceeds rs 30K or if aggregrate of payments exceeds Rs 75k then TDs is requried to be made @ 1% if pymt made to individual or HUF & other than that @ 2%.

At the beginning of the year you will have to estimate if the aggregrate payments would exceed Rs 75K. If yes then start deducitng tax from the first bill onwards at teh prescribed rates.  however if the amount could not be estimated then start deducting tax at the time the aggregrate paymetns exceeds 75k and after that.  However if single payment exceeds Rs 30k then deduct tax at the prescribed rates.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 14 March 2026
Article Trainee

N N V Satish&co

Hyderabad

CA Inter

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details