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What is the TDS ratio applicable on professional fees?

Answers were Sorted based on User's Feedback



What is the TDS ratio applicable on professional fees? ..

Answer / rajesh

as per IT 194J professional fee or technical Fees or
Consultancy Fees.TDS is 10% SC-10% Cess-3%. and the amount
exceeds Rs.20,000/-.

Is This Answer Correct ?    31 Yes 6 No

What is the TDS ratio applicable on professional fees? ..

Answer / prasad

AS per the income tax act sec 194 J proffessiona fees
and technical servises TDS is 10%,and the amount execeeds
20000 p.a

Is This Answer Correct ?    4 Yes 1 No

What is the TDS ratio applicable on professional fees? ..

Answer / shravenkumar

As per section 94J since October 2009 onwards
If value of One invoice exceed Rs. 20,000/- 10 %
Or
Value of all invoice during year exceeds Rs. 50,000/- 10%

No surcharge and education cess since october 2009 onwards

Is This Answer Correct ?    3 Yes 1 No

What is the TDS ratio applicable on professional fees? ..

Answer / kailas vavale

above 30000 p.a. @10%

Is This Answer Correct ?    2 Yes 1 No

What is the TDS ratio applicable on professional fees? ..

Answer / vpnarasimhan@gmail.com

10.3% if its < 1,20,000 p.a

Is This Answer Correct ?    6 Yes 19 No

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