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1) Trainers Pvt. Ltd. hires Mr. Amit as a trainer for 2 months at a fee of Rs. 90,000 and deducts 10% TDS of Rs. 9,000 before paying him Rs. 81,000. 2) Trainers Pvt. Ltd. deposits the deducted TDS amount of Rs. 9,000 to the government and issues a form to Mr. Amit with payment details. 3) At tax filing, Mr. Amit claims a TDS credit of Rs. 9,000 towards his total tax liability of Rs. 15,000, paying the remaining Rs. 6,000.

Author

Sadhvi Bansal

Language

EN