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Hi, I started working in an IT company a week ago. I have a question regarding hiring candidates on a contract basis for project deadlines. In the scenario where the project is completed, does TDS deduction become necessary for the contractor? Alternatively, is it feasible for the contractor to issue an invoice, and then we pay based on the specified amount?

Thank you.

From India, Kanpur
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Hello, TDS PT needs to be deducted only if the amount is above 30,000. In such case TDS PT flat 10% should be deducted. Regards Chandana Hyma

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HP
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