TDS - Contractors

When TDS should be deducted? when payment more than 20000 or invoice boked for more than 20000. because in books of TDS in is written as TDS deduct when single payament more than 20000, at the same time TDS not deductable for More than Single Payment or Credit more than 20000. Whiat is proper?

Sir/madam,

Please tell me tds rates on contracts and rents.

Also update me tds on rents july onwords 1%extra added on educationcsee is it right or wrong.

                                                         Thanks

                                                  Radha

Pls find attached the TDS chart File

One has to deduct tax in case of contractors/ subcontractors as follows:

when single payment is more than Rs.20000/-

or

when total payment or credit exceed Rs.50000/- in the whole year

If i have received Labour Bill of Rs.10000/- including P.F. 800, ESIC-200 & S.T. 1000/-, So what is the amount of TDS qualifining whether its 8000/- or 10000/-, please give your valued suggestion.

and all statutory charges like P.F. ESIC, Service tax which is charged in bill, on such amount can we deduct the TDS?

I have a bill of contractors for Rs. 10,00,200/- now i just want to know what should i deduct from that amount i.e. income tax, surcharge, education cess, vat etc. and show the rates of tax also reply me soon,  its urgent

thanking you

preeti chawla

Dear All,

                Can anyone let me know wether to charge TDS on ofice Stationaries???

With Regards,

Subhojeet

No, TDS not applicable to Office Stationery because it is a material received. TDS applicable on Contranct or services ect. are not applicable.

Tds is to be deducted on RS.10469/-(Inclusive of Service Tax)

Dear Sir/Madam,

I want a for all contractors tds charges sir

regards

moorthy