Dear Hema,
From what I understand from your question, you will be treated as a professional for all purpose and accordingly TDS will be deducted from the monthly payments made to you as your annual earnings of Rs.2.00 lacs are crossing the threshold limits of Rs.1.80 lacs.
Secondly being a professional you are eligible to claim various expenses.
Dont forget to file your return of income before the due date to claim the TDS deducted from the payments made to you.
Lastly I think that the Company will issue you a monthly cheque instead of crediting to your bank account.
I hope I have answered all your queries.
Joshi
From India, Mumbai
From what I understand from your question, you will be treated as a professional for all purpose and accordingly TDS will be deducted from the monthly payments made to you as your annual earnings of Rs.2.00 lacs are crossing the threshold limits of Rs.1.80 lacs.
Secondly being a professional you are eligible to claim various expenses.
Dont forget to file your return of income before the due date to claim the TDS deducted from the payments made to you.
Lastly I think that the Company will issue you a monthly cheque instead of crediting to your bank account.
I hope I have answered all your queries.
Joshi
From India, Mumbai
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Responsibilitie s of person who is responsible for deduction of TDS on salary.docx
Amendment in Section 192A of the IT Act, 1961- Instructions for deduction of TDS on withdrawal f.pdf