tds on salary

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Going...to be C.A soon...
1624 Points Posted on 03 October 2007

hi all,

my friend is working with a co. and he is getting 11000/ pm he saya that the company is deducting tds on salary @ 10.5%. Is it right or not bcoz tds should be deducted by calculation as per income tax rates.Or is it right way if yes then plz tell me about 10.5%

thanks

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On 03 October 2007 at 14:52 Report
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SERVICE
315 Points Posted on 03 October 2007
I guess he is working on a contract basis and he is not on payroll. That is the reason Tax has been deducted as per the provisions of section 194J where the rate is 10.3%.
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On 03 October 2007 at 15:10
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TaXpert
15126 Points Posted on 03 October 2007
Mr. Gaurav, Is your friend a professional? If yes then it may be that employer is treating him as a consultant Off-Roll.
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On 03 October 2007 at 15:34
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481 Points Posted on 03 October 2007
If he is working on a contractual basis then they will deduct TDS as per Sec 194J i.e 10%+EC. If he is not working on contractual basis then the rate at which they are making TDS is wrong.
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On 03 October 2007 at 15:56
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SERVICE
315 Points Posted on 03 October 2007
If he is working on payroll then the tax deducted by the company is wrong.
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On 03 October 2007 at 17:33
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Articled Asst.
193 Points Posted on 05 October 2007
Hi gaurav, He may be treated as a consultant providing services to the company and not as employee
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On 05 October 2007 at 17:35
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Account Executive
136 Points Posted on 09 October 2007
hi gaurav, He may working as consultant therfore co is deducting TDS u/s 194 J @ 10.30% Pls tell him to check his status i.e. employee / Consultant
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On 09 October 2007 at 16:50
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Finance Officer
48 Points Posted on 22 October 2007
Yes they are write in judging your friend as consultant rather than an employee.
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On 22 October 2007 at 19:14

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