TDS on Bill after change in rate

Pallavi P (Job) (151 Points)

29 October 2020  

Advance to Party has been made before change in rates of TDS = 6,00,000 x 2% = 12000

Bill issued after change of rate = Rs. 60,00,000

what amount of TDS is required after rate change = 60,00,000 x 1.5 % = 90000 reduce TDS on advance Rs.12000 = 78000    or

5400000 x 1.5 % = 81000