How To Calculate TDS

praveenr22
Hi All,
I am praveen working in bangalore.We have some employees who are deputed in LGSI we are paying salaries to them which will be reimbursed by LGSI. My question is whether LGSI should deduct TDS on it or it is a case where TDS is not applicable for reimbursement of expenses.
Thanks
Praveen
r.vijey
Hi Praveen,
LGSI has to deduct 10.5 % of the total pay to your organisation and you have to deduct TDS from the employees salary. If you have paid excess amount you can get refund there is no other choice to my knowledge.
Other members pls comment on this.
regards
Vijayakumar
NIHARIKA28
Hi Praveen
The employees are in your payroll, you are laible to recover the TDS and remit accordingly, as far as your business associate is concerned if you have any margin in the amount reimbursed, then they will recover the tds @ 11.33% on the same under fee for professional services, if the salaries paid and recieved are same then there in no tds as there is no revenue for you.
Regards
Shiva Kumar H
M.Peer Mohamed Sardhar

Dear Friend,
Kindly click on the following link, it will give you some required information,
https://www.citehr.com/download-list.php?query=TDs

Pls let me know was this information useful,,
If not let me try out more & give information,,,,
Regards
Mohamed Sardhar
91 93831 93832
If you are knowledgeable about any fact, resource or experience related to this topic - please add your views. For articles and copyrighted material please only cite the original source link. Each contribution will make this page a resource useful for everyone. Join To Contribute