hi
how much deducted tds on intrest,rent,contract, subcontract,
what is the new rat of tds?
Answers were Sorted based on User's Feedback
Answer / raval chand sharma
Nature of Payment Threshhold Comp,Firm,Society, HUF, Indiv.
up to Local authority
Interestfrom Bank 10000 10% 10%
Other Intrest 5000 10% 10%
Contract,Subcont. 20000(50000
in a year) 2% 1%
Rent 120000 10% 10%
above TDS rate for financial year 2010-11
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / madan lal
sub contractor rs. 50000.00 1%
Rant rs. 120000 10%
interest Rs. 5000.00 10%
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / mazahir
Tds on rent For individual-15%+2%edu cess+1%higher edu cess
Tds on Contractor-2%+2%edu cess+1%higher edu cess.
example-10000if profit 10000 Of 2%=200 of 2% edu cess+1%
higher edu cess.
Tds on sub-contractor-1% And above same calculation.
Tds on intrest -15%+2%edu cess+1%higher edu cess
| Is This Answer Correct ? | 2 Yes | 4 No |
Answer / javeeed
tds on all expenses and income for every assesse is 10%
from the assessment year 08/09
| Is This Answer Correct ? | 0 Yes | 6 No |
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