TDS Deduction

TDS (On Overall Earning)

In this financial year we have started deducting TDS (1% if PAN is available & 5% if PAN is not available /if PAN and Aadhaar is not linked
) from 1st of April , for those Partners whose Earning has crossed 5 Lakhs in Last Financial Year
If in case at financial year end , Partner cudn't EARN more than 5 Lakhs then Partner can get refund of the entire TDS deducted by Filing an ITR(Income Tax Return) UC will Provide TDS Certificate when requested .
In an Financial Year once Partner's Earning Reached 5 lakh, then two things will happen
--A Recovery is uploaded for 1% of Rs 5 lakh i.e Rs 5000, and this amount is deducted from Payout, with the tag of Bulk TDS EMI Recovery.
--Also after 5 Lakh earning ,every job which Partner delivers 1% TDS will be deducted on invoice amount from same payout in which Cx payment will be released.
TDS is deducted under Income Tax Law (Section 194-O)

TDS (On Incentive/SME Revisit Payment/Referral Payment)

TDS will be deducted on any kind of Incentive/MG Payout, SME Revisit Payment, Referral Payment given via Payout.
TDS will be deducted via Payout on the amount given other customer Payment.
20% TDS will be deducted on Incentives if PAN is not updated/ if PAN and Aadhaar is not linked
and 10% TDS(Effective from 1st July 2022) will be deducted if PAN is updated on App.
UC will not deduct TDS on incentive amount upto Rs 20k from this financial year. If in case Incentive amount exceeds 20k then itself UC will deduct TDS from Partners payout in the form of TDS EMI. Example: If an Partners has earned Rs 30k of incentive in any financial year then recovery will be done for 10% of 10k(=Rs 1000) in the form of TDS EMI Recovery

TDS Certificate can be downloaded following the below steps:

1. Copy the partner's pan card number and paste it on the search bar link

2. Agent will then download the TDS Certificate and will share it over the mail in the below format :

cc = TL/AM:-

Subject = TDS Certificate

Body :

Pro ID =

Email ID of pro :

Add the attachment.

Note:- Please resolve the ticket once you have got the confirmation that TDS certificate is sent to the partner.

Query to check if Aadhaar and PAN were linked by 1st October https://jarvis.urbanclap.com/queries/304327/source

Tagging: 1.2 Money - Payout Issue>> payout deduction - tds