TDs on Professional Service

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  1. ajoy singh

    ajoy singh New Member


    Please guide me on following matter regading TDS...........

    Our co. Appoint some part time employee for graphic designong work on freelancing basis.
    So, we make their payment under the head of Professional service.

    Is TDS applicable in the above case ? If yes then how? Because how we calculate the payment amount for max. Limit for single bill & p/a . Because there are six such type of freelacer doing professional service and there payment amount is different from each other.

    Ajoy Singh

  2. Karan Batra

    Karan Batra Well-Known Member

    Yes, TDS @ 10% is required to be deducted if the total payment expected to be made during the year is more than 30,000
    ajoy singh likes this.
  3. ajoy singh

    ajoy singh New Member

    Actually co. Made payment 49000/- to a same person in two months and no TDs deducted till now.
    But if co. Deduct total TDs from the next payment amount and deposit to govt .then is company will be liable for any fine or penalty as it is not deducted earlier or co. Can deduct at the time of next payment.
  4. Karan Batra

    Karan Batra Well-Known Member

    TDS should be deducted at the time of making the payment.
  5. ajoy singh

    ajoy singh New Member

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