i have query in tds deduction in my organization.
In my organization nearly 200 contract employees are their.last 10 year onwards their contract was renewed every year.In my organization their are not deducting ESI & PF, presently in my organization their are deduction the tax in sec 192B, is it correct or not.salary range for employees 10000/- to 100000/-, some employees are not coming under tax slab, recently one of our CA consultant comes to the organization and verify the record said that you are coming under sec 192B, we are all comes under sec 194J, is it correct or not,please kindly help me not which is the correct procedure. either 192B or 194J.
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what is the provision Tds deduction
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For independent employees (professionals/technicians etc.) payments are made after deducting TDS under section 194J. But for other employees, whatever paid under wages, fees, commissions, perquisites, profits in lieu of, or, in addition to salary, advance of salary, annuity or pension, gratuity, payments in respect of encashment of leave etc. etc. is liable to be TDS u/s. 192B
coming to my case organization comes under which category sec 192B or 194J
Particularly your organization, at it seems apparently from the data given, comes under Sec 192B.
But if any contract has been made with any professional/technician particularly, like doctors in hospitals now a days, may trigger Sec 194J
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