what is the present tds rates?

Answers were Sorted based on User's Feedback



what is the present tds rates?..

Answer / h.r. sreepada bhagi

For these kind of information refer the the concerned Act or
get the information from the website of the concerned
department (i.e., Income Tax Dept., Sales Tax Dept., Central
Excise, etc.) These rates are subject to change. You can
refer Income Tax Ready Reckoner latest edition also. You
will get correct & complete information.

Both the answers above are incomplete or incorrect. My
advice to those posting the answers, don't mention what you
think is correct, but write what's correct if you know from
the authentic source, otherwise it will misguide the users
of these answers.

Is This Answer Correct ?    2 Yes 0 No

what is the present tds rates?..

Answer / viswanatha

194A Interest from a Banking Company Rs. 10,000/-
INDIVIDUAL and HUF p.a 10 20
194A Interest other than from a Banking Co. Rs. 5,000/- INDIVIDUAL and HUF p.a 10 Payment To Other 20
194C Payment to sub-contrctor/Advertisement contracts Rs.20,000/- per contract or Rs. 50,000/- INDIVIDUAL and HUF p.a 1 Payment To Other 2
194C other Contractors Rs.20,000/- per contract or Rs. 50,000/- p.a INDIVIDUAL and HUF 1 Payment To Other 2
194C Transport contractors engaged in the business of plying, hiring or leasing goods carriages. Nil * Nil Nil
194H Commission or Brokerage Rs. 2,500/- INDIVIDUAL and HUF p.a 10 Payment To Other 10
194I Rent other than Plant, Mach.& Eqp. Rs. 1,20,000/- p.a INDIVIDUAL and HUF 10 Payment To Other 10
194I Rent of Plant , Machinery & Equipments Rs. 1,20,000/- INDIVIDUAL and HUF p.a 2 Payment To Other 2
194J Professional/Technical Charges Rs.20,000/-INDIVIDUAL and HUF p.a 10 Payment To Other 10

dear friends
this prompt is only upto 30 june 2010 will be change on 1/07/2010

Is This Answer Correct ?    1 Yes 0 No

what is the present tds rates?..

Answer / naresh garg

on contract 2% , professional fees 10%, interest 10%,rent
15%

Is This Answer Correct ?    7 Yes 8 No

what is the present tds rates?..

Answer / hamsa

On Contract the TDS Rate is 2.06% (including 3% Eucation cess)
On Professional Fee the TDS Rate is 10.3% (")
On Interest the TDS rate applicable is 10.3% (")
On Rent for the use of Plant & Machinery Rate is 2.06%(")
On Rent for the use of land and buildings the revised TDS Rate is 10.3% (Including Education Cess @3%).

* TDS on rent for the use of Land and buildings including furniture and fixtures has been reduced to 10%.

Is This Answer Correct ?    3 Yes 4 No

Post New Answer

More Taxation Interview Questions

we have got a bill of maintinance charges (material Bill only. bill amount is rs. 5000/- now my question is how much wct we have to cut.

1 Answers  


One bill of Rs.200000/- for Machinery hire issued by party, but total bill is reversed by me to party. In this matter what is the TDS Deduction entry I can made or not?

4 Answers  


How to file the sales tax returns. I am new to this feild. pls help me.

2 Answers  


assume we have a loss for the last finacial year ,when we are calculating income tax for this year how would be affected last year loss

3 Answers  


what is tax rate for Companies for the Assessment year 2009-10?

3 Answers  






if the goods are purchased against H Form, is there any specified time limit winthin which they should be exported?; if yes then wat is that limit?

2 Answers  


Define financial year?

0 Answers  


I HAVE PURCHASE MATERIAL IN 3% CST FROM U.P.AGAINST FORM 'C'. AFTERTHAT I WILL NOT GIVE FORM 'C' THAN HOW MANY RS. PAID TO PARTY.

8 Answers  


I am a trader supplying goods to an exporter in other state. Is it enough if I get form H from him, to avail tax exemption?

1 Answers  


THE CUSTOMER IS FROM GOA STATE AND THEY PURCHASE GOODS FROM MAHARASHTRA UNDER C FORM THAT TIME THE CUSTOMER ISSUED C FORM ON WHICH AMOUNT TAXABLE OR INVOICE AMT(TAXABLE + 2%)?

4 Answers  


what is GDP

4 Answers   Banking,


what is the full rate of cst/vat of building material ?

0 Answers   Penam Laboratories,


Categories