Hi,
I work as a IT consultant in a small firm doing professional services.
The fee I charge is Rs.8 lakhs per year. The company deducts 10% as tax and pays me the remaining money as consulting fee.
Could you please let me know the following:
1) As per new budget, is the tax rate is only 10%?
2) Am I eligible for any other tax like service tax?
3) The position is 'consultant' and NOT director of the company.
Could you please let me know the total tax that I have to pay?
Thank you
Ananth krishnan
