Tax on professional fees paid

But I spend the specified timings in company premises as my on-roll colleagues do.

You don't have to considered as employee. You are on contract so no employer-employee relation established by your company and for that they are deducting 10% u/s 194J as professional fees. Rules to be follwed are same for both employee and professional. If you stay there and after end of the contract if company allow you to be a employee then only your tax will be deducted as an employee but recently your tax will be under 194J on which you can calculte and claim refund in your ITR.

Have you received an Appointment Letter? do you receive Payslip each month? Are you in the Payroll of the Employer. If Yes Sec 192 would be attracted.

Else if you are giving professional service then 194J would be attracted

Hi,

Can i go for exemptions under various sections and provide the company finance dept. with the eligible documents beforehand so no tax is deducted.