A. As per Income Tax Act, if a service provider crosses the earnings limit of INR 30,000 /- at any point in a financial year, there will be a TDS deduction of 10% on the total earnings to date for that individual. Moving forward, a standard 10% deduction on all future invoices will be applicable as per the law.
Example : xx has made Rs.30,000 cumulative of all her invoices with Plixxo till date. On your next invoice - we'll deduct Rs. 3000 (i.e. TDS of 10% on past invoices). If the invoice is below Rs. 3,000 no amount will be credited. But If it is for above Rs. 3,000, the differential amount will be credited to your account.
Note : If your services with Plixxo exceed transactions worth INR 30,000, you’ll have to provide us with your Pan card details otherwise your TDS will be deducted on double rate i.e 20%. We'd request you to kindly update your PAN card on Plixxo.