Tds applicability on production incentive paid to workers.

TDS 1015 views 2 replies

I want to know rules regarding TDS applicablity in case of Production Incentive paid to workers.

And if applicable, TDS Rate for deduction.

Please help me on this.

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Thanks
Arpit Kumar

Replies (2)
Dear arpit if your workers come under contactor than you have to deduct tds under sec 194 c. But if they are your employees than you have deduct tds under sec 192b as this will b included in thier salary. (if contractor is individual then 1% tds otherwise 2%) for more info you can read section 194c on google.

Thanks for your reply.

And i have searched on google for rules of 192b but there is not any information regarding incentive.

so please provide me the tds rules regarding this.


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