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Tds @
Sir please tell me the TDS deducted @ of light man monthly Fixed wages
Replies (2)
Monthly fixed wages may be treated same as salary, and may attract sec. 192. But if its contractual then section 194C will be applicable.
1 ) If you are pay wages as a employee then TDS deduction should be according to slab rates (192)
2 ) if you are paid to any contractor then deduction should be @ 1% for indivisual/HUF @ 2% for others.
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