TDS Query When limit has exceeded

sir,
We have paid labour payment rs.90000/- in 6 months,(per month rs.15000) in 7th month we have paid rs.20000/- that means TDS limit rs.100000/-exceeded .now we have to pay TDS in 7th month without interest on 110000/-
or
We have to pay TDS with interest for 6th months and for 7th month without interest.
pls clarify.
Replies (3)
Quick Summary
This discussion addresses a query about Tax Deducted at Source (TDS) when the labour payment limit of £100,000 is exceeded. The user paid £15,000 monthly for six months, then £20,000 in the seventh month, surpassing the limit. The core question is whether TDS should be paid on the total amount in the seventh month without interest, or if interest is due on the previous six months' payments as well. The advice given suggests TDS liability arises from the point the limit is exceeded, with tax needing to be deposited from the seventh month onwards on the entire amount paid to date, but without interest on earlier payments.

Tax need to be deducted when amount paid exceed the maximum amount not deductible to tax.. since amount exceed from 7 month liability to deduct tax arises from there onwards.. thus tds need to be deposit from 7 month but on whole amount paid/credited till 7 month without interest..
Thank you sir
Shekhar


it's not like that.
if u are in a business it's better to pay advance tax while paying to subcontractors.
that's what has been enacted as per laws.
I do understand you pay tax then u hv to file return.

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