Hello,
We are a company that provides trainers to companies from a pool of trainers registered with us. Needed to know if a company pays us Trainers Fee + Our Service Fee will TDS be deducted on it. As when we pay the trainer we will be deducting TDS on it.
Calc if TDS is deducted by company:
Company to Vendor(Pvt. Ltd)
Content
Rate
Value
Invoice value(Input amount only on this cell)
0
100000
Vendor Comission(Fixed)
0
1000
Total payout before GST
0
101000
GST
18%
18180
Total Invoice value
0
119180
TDS Deduction
2%
2020
Final Payout to Us
0
117160
Vendor to Trainers
Invoice Value
0
100000
TDS Deduction
2%
2000
Final Payout to Trainer
0
98000
GST to Govt. on invoice value
18%
18180
Total Payout to Trainer +GST +TDS To Govt.
118180
Final Earning to Vendor(Befor Tax filing and getting TDS Return from Govt.)
-1020
It will be a great help if anyone could give us a solution for this
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