sampathkumarpsk
Hello,
I'm working as a Project Trainee in a software company in Hyderabad.
I'm being paid a consultancy fee for the period of 6 months training.
They are deducting 11.33% tax from my stipend in the form of Tax Deducted at Source(TDS).
I want to know whether TDS is applicable for my stipend?
Thanks..

From India, Hyderabad
bagema
17

If you are paid in the name of Consultancy fees it invites TDS @ 10.3% and not 11.33% as mentioned. But if you are paid in the name of stipend TDS should not be deducted.
Pls clarify.
:lol: :lol: :lol: :lol: :idea:

From India, Tiruppur
sampathkumarpsk
Yes! They are paying me in the name of consultancy fees. But they are deducting 11.33 % from the pay.
From India, Hyderabad
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