basic amount of bill 150000 less Rebate or discount rs.15000.
can I deduct TDs on 150000 or 135000 .
Replies (4)
Quick Summary
This discussion clarifies how to calculate Tax Deducted at Source (TDS) when a discount or rebate is applied to an invoice. The core question is whether TDS should be calculated on the original bill amount or the net amount after the discount. The consensus and correct practice is to deduct TDS on the amount actually paid, meaning after the discount has been applied.