Menu
presumptive tax for govt contractual employees
one of my friends is working as a doctor under contract basis in a govt hospital.he gets consolidated salary of 115000 pm.no hra,ta,da.contract is for 1year or up to appointment of regular post.no pension,earn leaves,gpf.is he eligible for presumptive tax.if so,how much tds per month. thank you
Replies (6)
Under which head hospital deducts TDS from the said fixed payment?
If u/s. 194J........ then he can declare the income u/s. 44ADA......
he has joined only 2 months back.tds was not cut in these 2 months salary
That means it will be deducted from third month u/s. 192....... ie. TDS over salary....... and as such he cannot declare it under presumptive scheme.........
from April onwards,can tds be shifted to 194j as it is a new financial year.thank you sir
Yes, it will be @ 10%, while hospital management should agree......
thank you sir
Recent Topic
- Tax Refund timeline
- Is Form 10E applicable for Notice Pay received in
- INCOME RECEIVED FROM COMPANY FOR ELECTRIC POLLS
- ITR Processing By CPC Now Super Fast - Much apprec
- Abroad Jobs
- Professional Income in 44AD
- Presumptive taxation
- Claiming Pre Possession Home Loan Interest
- Tax on Pension from EPFO
- Indexation of Sale of Property under New Regime
Related Topics
CAclubindia
