Tds for online earlings

TDS / TCS 566 views 5 replies

Namita

Self employed

28 Points Posted on 27 August 2011

I am running a Company where member joins. We pay them according their content. I want to know that when I pay members, should my Company deduct TDS. If yes

1. What should be the minimum amount of invoice for which TDS should be deducted.

2. What is the minimum amount in an year after which TDS should be deducted.

To elaborate my query, I am quoting an example.

Suppose if I have to pay member A Rs 1000 and member B Rs 10000 in a month. Should I deduct TDS rom both members.

Now if TDS of member A is not deducted and he again gets a payout from next invoice in same financial year, then after which amount, TDS will be deducted from member A in same financial year.

Replies (5)

Namita

Self employed

28 Points Posted on 28 August 2011

I am still waiting for an answer of my query. Can anyone please guide me.

Guest

but what are you paying them : salary , contract payment, interest ??????

please elaborate...

Namita

Self employed

28 Points Posted on 29 August 2011

There are few members who are paid according to their contents, few get fixed monthly. If I pay them as salary will I have to deduct P. Tax.

SUNIL

ACCOUTANT

167 Points Posted on 29 August 2011

Kindly elaborate question.

Guest

Namita garu your ? is not clear.

The rule differs for every kind of payment (by now must have understood) i.e. for salary - commission - contract etc. etc., Secondly what do you mean by content. it is not clear. ( I understand publishing) But by descripttion I understand that yours is a multi level marketing (which is illegal)

If you brief keeping the above points then you will get a reply suitable to your needs.

thank you