I want to know the percentage and rule for a Tax deduction for Contractual employees hired in sec 8 company for short time period like 6 months, 9 months or so on. And sometimes the contract may be extended. In which section the Tax is deducted and what is the slab for the calculation.
In sec 8 companies, we hire employees for different projects and they deliver their services to those projects.
From India, New Delhi
In sec 8 companies, we hire employees for different projects and they deliver their services to those projects.
From India, New Delhi
PROFESSIONALS AND BUSINESSES PARTICIPATING IN DISCUSSION
@Priyanka
1) the word "employee" should not be used for contract based jobs, instead they are contract workers,
2) TDS section 194C or 194J would be applicable, depending on the nature of contract,
3) for threshold limit and applicable rate, please get in touch with your auditors, as there are certain clauses of submission of IT related documents by contract workers before fixing applicability of TDS rates, in absence of any document it should be charged at maximum applicable rates
6281) the word "employee" should not be used for contract based jobs, instead they are contract workers,
2) TDS section 194C or 194J would be applicable, depending on the nature of contract,
3) for threshold limit and applicable rate, please get in touch with your auditors, as there are certain clauses of submission of IT related documents by contract workers before fixing applicability of TDS rates, in absence of any document it should be charged at maximum applicable rates
PT,ESIC,TDS,FBT ,S[1][1].Tax Calculator.xls
TDS on service tax - CBDT clarification 13.1.2014.pdf