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TDS - 192B & 194J

10 May 2007

Hi All,

Can any one suggest me what to do with respect to TDS on Salaries & Professional services.

Our company is in Medical Transcription. We have been paying salaries to our employees for the 8 hours work at office for which TDS is deducted @ 192B. In addition, we have also Home Transcription services outsoursed to our employees to work at their home for which we pay per line rate, TDS for this professional services (since out side work) is deducted @ 5.1% under 194J.

Now I am in confusion, Can i give both Form 16 (for salaries) and Form 16A (Home transcription payments) to a single person in a single FY? Otherwise please suggest what i should do i this case?

Thanks in advance.

Narasimha Rao

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4 Replies

Ajay Banka (Service) (31 Points)
Replied 10 May 2007

It is possible and there is nothing wrong in it

Ajay

Jasmeet (25 Points)
Replied 10 May 2007

yes there is no problem in giving both form-16 & 16A to a single person i same financial year as the person is working in different capacities.

(Guest)

What should be the rate of tds for medical transcripttion jobs (individual, which is not a salary income)? is it 2.06% or 10.30%.

shailendra (QA Engg) (21 Points)
Replied 23 July 2010

After working for around 2.6 years in a company i join another company to which as per previous company policy i have pay him around Rs50000 in lie of my exp & relieving letter. I paid such amount from my pocket . My new company ready to pay this amount back to me but they are deducting income tax amount from this as my new company considers this as my income.

I don't understand why they are considering this as my income while giving back my money to me.

There are considering this amount as my bonus while giving back to me so it comes under my salary structure. My question is how & why my current company pay on the behalf of my previous company.

Why should i repay income tax as the money from which i had purchased my relieving & exp. letter has come in my pocket only after deducting all the taxes?

Lastly, my new company accountant want to explain that this deduction is as per u/s 92b & 192b.I'm not sure about these clauses so want to share this also.

Desperately waiting for your reply

Many thanks in advance.

Regards,

Shailendra