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Tds on budget consultant salary

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Poonam

article

323 Points Posted on 01 October 2013

Hey i have query regarding TDS . I am working with one government organization. Here my appointment is as budget consultant. My monthy remuneration is Rs.35000 . This post is based on qualification of MCOM and some government experience. Here it is contractual appoitment and in contract it is clearly mentioned that i have to attend office timing and i am not permitted to do business or service anywhere. So my query is that whether 2% TDS or 10 % TDS is levied on my monthly remuneration or i am termed as salarised employee and TDS is as per it ?

Kindly solve my quesry

Replies (9)

Poonam

article

323 Points Posted on 01 October 2013

please reply its urgent

Mihir

Wealth Manager

5358 Points Posted on 01 October 2013

TDS shall be 10% because you are on contractual appointment probably having a fixed term of employment in this organisation.

surendra

39 Points Posted on 01 October 2013

Well there is an existence of contract & Tax has to be deducted u/s 194 C @ 1%

Dulal Chatterjee

Tax Consultant

100 Points Posted on 02 October 2013

Agree with Surendra.

Poonam

article

323 Points Posted on 03 October 2013

yup...there is existance of contract on 100 Rs. stamppaper....

@ surendra and dulal.....i request you to elaborate the u/c 194 C in details ........

other member are also requested to give their views ...plz...its urgent.........

surendra

39 Points Posted on 04 October 2013

194C

If deductee is Company then TDS @ 2%

If Deductee is non-company TDS @ 1%

Poonam

article

323 Points Posted on 05 October 2013

in 194C is it written or elaborate that contract for providing consultancy service attract 1% or 2% rate. ?? plz explain i need to provide supporting also...

Mihir

Wealth Manager

5358 Points Posted on 05 October 2013

I am not sure why 194C shall apply here. You are a consultant working here on a contract, like so many IT professionals. How can 194C apply?

TDS shall be 10% u/s 194J.

Poonam

article

323 Points Posted on 08 October 2013

@ mihir...its contarct and it is mentioned in the contarct that i am not permissible to do any business or profession....so TDS is leived at 1% or 2%.