How TDS Is Calculated

Answers were Sorted based on User's Feedback



How TDS Is Calculated..

Answer / priyul

TDS will be deducted as par rates specified in Finance Act &
there is also some limits. If payer pays amount beyond
limit specified than payer has to deduct TDS. It is
calculated on amount paid. If recipient does not have PAN,
than 20% of amount paid.

Is This Answer Correct ?    12 Yes 1 No

How TDS Is Calculated..

Answer / vipul chauhan

tds will be deducted as per rates income tax and the payment
made by the payer to deduct the tax and thereafter to pay
the amount to the payee if does not pan number will be same
rate except other case

Is This Answer Correct ?    0 Yes 2 No

Post New Answer

More Taxation Interview Questions

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

3 Answers  


is vat applicable on services as well? please describe the services under vat?   

1 Answers  


what is the percentage of income tax at construction companys

3 Answers  


how to compute service tax?

2 Answers  


How can a taxpayer get a refund for an overpayment of taxes?

0 Answers  






what is cenvat credit? plz tell service tax interest rate and watz it procedure...

0 Answers   OM,


Sir, in CEntral excise we need to pay some amt with interest ex.13815 amt for 66 days how to calcualte this?

0 Answers  


Rate of TDS On Contractor for advertisement exp.

14 Answers   Atlantic BPO, DNX, Gem Granites, JM Baxi, Pradipkumar Pharma, TCS,


How TDS Is Calculated

2 Answers  


why charges PURCHASE @ 15 % TAX RATE ?

0 Answers   Bell, MNC,


We R doing Yarn Dyeing by purchasing in India & exporting to Overseas, We can purchase the yarn against form H ?

1 Answers  


We are generally give order to the printing company for printing our uniqe file,calender,sovenour,answer sheet,envelop etc, when company submite the bill it charge the bill includes vat@4%, so can we deduct the TDS on total invoice value or only cost amount (exclude the vat).

8 Answers  


Categories