TDS

Payments made to a hospital for rendering medical services will attract TDS u/s 194J circular 715,dt 8/8/95

Payments to a hospital for medical services will attract TDS u/s 194J

Definitely it will attract TDS

yes it will attract tds

IF I HAVE DISCOUNTED THE CLEAN BILL WITH PRIVATE FINANCIAR. DO I NEED TO DEDUCT THE TDS IN ANY FORM ON BILL DISCOUNTING CHARGES ?

what should be the rate for the the pament made to hospital

u need to deduct tds @ 10%+Sc @ 10%+Cess @ 3%.........u/s194j

Dear Sirs, The situation referred to above, is for an employee in our company. His estimated Income Tax liability for the financial year works out to Rs.24000/- (excluding SC & cess) after considering the exemptions. In which case my query is a) whether the deduction from monthly salary for a period of 12 months should be Rs.2000/- or b) deduction Rs.2060/- (including cess 3%) per month. In case of option (a) - at the end of financial year total tax deducted will be Rs.24000/- (2000 x 12). The balance tax if any could be calculated and accordingly cess @ 3% could be added. In case of option (b) - at the end of financial year total tax deducted will be Rs.24720/- (2060 x 12) and no tax liability will be there at the end of March. My query is to whether monthly deduction and remittance to IT dept should be based on option (a) or option (b) Best Regards S. Anand

Dear Sirs, This is against income tax deduction for an employee in our company. His estimated Income Tax liability for the financial year works out to Rs.24000/- (excluding SC & cess) after considering the exemptions. In which case my query is a) whether the deduction from monthly salary for a period of 12 months should be Rs.2000/- or b) deduction Rs.2060/- (including cess 3%) per month. In case of option (a) - at the end of financial year total tax deducted will be Rs.24000/- (2000 x 12). The balance tax if any could be calculated and accordingly cess @ 3% could be added. In case of option (b) - at the end of financial year total tax deducted will be Rs.24720/- (2060 x 12) and no tax liability will be there at the end of March. My query is to whether monthly deduction and remittance to IT dept should be based on option (a) or option (b) Best Regards S. Anand

yes tax should be deducted under professionals