Urgent urgent...

Hi Friends,

My client has made total payment of 20000+15000 payment to contarcter.

& tds limit is exhaued but tds in not deduted

Now one more payment come of 10000 so

how much tds amount should dedut

please reply

its urgent

Replies (3)

1% for Indiavidual 

2% other than individual

For Your case Total = 20000+15000+10000=45000

So 45000*2%= 900 to be deducted from party

Pay - 9100 

You need to deduct tds on whole amount Rs 45000 @ 2% or 1%

If vendor is company or firm thn- please deduct Rs 900 and paid to Rs 9100  (tds @ 2%)

n if vendor is indivual thn please deduct  Rs. 450 and paid Rs 9500 (tds @ 1%)

 

Dear All,

Please Note 

He need not deduct TDS for Rs.45K.

Since he has not paid single amount Rs.30K  or consolidate of Rs.75K.

he has paid only 45k. so, need not deduct TDS 

 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured ARTICLESHIP 28 October 2026
CA- Inter and Articles

N N V Satish & Co.,

Hyderabad

CA Inter

View Details
Company
14 October 2026
Asst. Manager/Dy Manager (Costing)

manufacturing

Pune

CMA

View Details
Company
ARTICLESHIP 08 October 2026
ARTICLE TRAINEE

S.B.G. & CO. CHARTERED ACCOUNTANTS

New Delhi

CA Inter

View Details
Company
24 October 2026
CA Industrial Trainee

Fytomax Nutrition Private Limited

Aurangabad

CA Inter

View Details
Company
Featured 29 October 2026
Accounts Executive

Synergy Keystone

Chennai

B.Com

View Details
Company
06 October 2026
Assistant Manager - Audit and Compliance

Ravi K Jain & Co

Noida

Others

View Details
Company
ARTICLESHIP 07 October 2026
Article Trainee/ CMA Trainee

RMA And Associates LLP

New Delhi

CA Inter

View Details
Company
19 October 2026
Accountant

Jari Saree Center

New Delhi

Others

View Details