Dear All,
This is Prasad A. My query is We are paying commission to my customers on weekly basis. for that we need to deduct TDS on commission, my problem is here only that is if customer got more than 5,000/- commission we deduct 10% TDS and we paid remaining amount but some customers got 3,000/- in this week again same person got 4,000/- in next month, for this how should I deduct TDS for second person?.
Prasad you have to deduct TDS for entire amount of Rs. 7000/- @ 10% basis You have to see in single payment & also in Aggregate of same person if single payment not exceed Rs. 5000/-
Regards Chitra. AL.
Though you are making payment on weekly basis but the limit is Rs.5000/- p.a TDS is 10% on Commission the entire amount
CA Suraj Garg & Associates
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