1. Categories >> Accounting >> Taxation
  2. Suggest New Category

What is the present rate of T.D.S and what is the tax for
person salary at present

Question Posted / sanjay kumar

Answer Posted / sanjay kumar

Rate TDS on
for(Company):
@20%--Interest on Security @2%Cess till 10.05.07
@20%--Interest on Security @3%Cess from 11.05.07

@20%--Int.other than Int.on Security @2% Cess till 10.05.07
@20%--Int.other than Int.on Security @3% Cess from 11.05.07

@30%--Winning from Lotteries, Cross Puzzule @2% Cess till
10.05.07
@30%--Winning from Lotteries, Cross Puzzule @3% Cess from
11.05.07

@30%--Winning from Horse Race @2% Cess till 10.05.07
@30%--Winning from Horse Race @3% Cess from 11.05.07

@1%--Contractor or Sub-Contr.(in case Adv.Cont.)@2% Cess
till 10.05.07
@1%--Contractor or Sub Contr.(in case Adv.Cont.)@3% Cess
till 11.05.07

@2%--Contr or S-Contr.(in case other than Adv.Cont.)-@2%
Cess till 10.05.07
@2%--Contr or S-Contr.(in case other than Adv.Cont.)-@3%
Cess till 11.05.07

@5%--Commission or Brokerage till 31.05.07 @2% Cess till
10.05.07
@5%--Commission or Brokerage till 31.05.07 @3% Cess from
11.05.07
@10%-Commission or Brokerage fm 01.06.07 @3% Cess from
11.05.07

@20%--Rent @2% Cess till 10.05.07
@20%--Rent @3% Cess from 11.05.07

@10%--Rent on Plant & Machinery @2% Cess till 10.05.07
@10%--Rent on Plant & Machinery @3% Cess from 11.05.07

@5%--Profesnl Charges/Tech.Charges till 31.05.07 @2% Cess
till 10.05.07
@5%--Profesnl Charges/Tech.Charges till 31.05.07 @3% Cess
from 11.05.07

@10%--Profesnl Charges/Tech.Charges fm 01.06.07 @3% Cess
from 11.05.07


for(Individual):
@10%--Interest on Security @2%Cess till 10.05.07
@10%--Interest on Security @3%Cess from 11.05.07

@10%--Int.other than Int.on Security @2% Cess till 10.05.07
@10%--Int.other than Int.on Security @3% Cess from 11.05.07

@30%--Winning from Lotteries, Cross Puzzule @2% Cess till
10.05.07
@30%--Winning from Lotteries, Cross Puzzule @3% Cess from
11.05.07

@30%--Winning from Horse Race @2% Cess till 10.05.07
@30%--Winning from Horse Race @3% Cess from 11.05.07

@1%--Contractor or Sub-Contr.(in case Adv.Cont.)@2% Cess
till 10.05.07
@1%--Contractor or Sub Contr.(in case Adv.Cont.)@3% Cess
till 11.05.07

@2%--Contr or S-Contr.(in case other than Adv.Cont.)-@2%
Cess till 10.05.07
@2%--Contr or S-Contr.(in case other than Adv.Cont.)-@3%
Cess till 11.05.07

@5%--Commission or Brokerage till 31.05.07 @2% Cess till
10.05.07
@5%--Commission or Brokerage till 31.05.07 @3% Cess from
11.05.07
@10%-Commission or Brokerage fm 01.06.07 @3% Cess from
11.05.07

@15%--Rent @2% Cess till 10.05.07
@15%--Rent @3% Cess from 11.05.07

@10%--Rent on Plant & Machinery @2% Cess till 10.05.07
@10%--Rent on Plant & Machinery @3% Cess from 11.05.07

@5%--Profesnl Charges/Tech.Charges till 31.05.07 @2% Cess
till 10.05.07
@5%--Profesnl Charges/Tech.Charges till 31.05.07 @3% Cess
from 11.05.07
@10%-Profesnl Charges/Tech.Charges fm 01.06.07 @3% Cess
from 11.05.07

(INCOME TAX)for F.Y.2008-2009

RATE INDIVIDUAL<65 WOMEN<65 S.CITIZEN>65
@nil 0-150000 0-180000 0-225000
@10% 150001-300000 180001-300000 225001-300000
@20% 300001-500000 300001-500000 300001-500000
@30% 500000-above 500000-above 500000-above

Is This Answer Correct ?    17 Yes 2 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

How can deduct tds from auction cases (timber)

1540

if i have a educational loan on my name, can i show for tax exemption on current year income tax? Is it applicable for tax exemption (educational loan)

1709

Are woollen Blankets (Rugs) taxable under CST ? Can unregistered party sell it.

1530

If anybody have knowledge about opening for the post of accountant(for Gurgaon/Delhi) kindly mail me verma_moti@yahoo.co.in. I am handling accounting sales tax/vat,Excise,service Tax,Tds and MIS.

1465

what is the objective of business taxation in private company?

2101




Please guide us about Forms and where is it will use i.e.Form C, Form h, Form F. if other form has please guide us about of that Forms?

1575

professional tax rate

1677

What is the procedure to intimate Change Name of Business in maharashtra Vat Act, which form to be fill.

2441

F FORM RECEIVED FROM SUPPLIER, NOT DEDUCTED GOODS RETURN AMOUNT THEREAFTER WHAT IS THE PROCEDURE DONE BY DEALER?

1567

I am working at Himachal Pradesh, let me know cant i adjust entry tax in vat? if no then why or yes, please exlain.

1670

in gujarat. whether Vat is applicable if H form issue ?

1848

Who is an assessee?

727

Is there any criteria for percentage define of TDS rates? and What is the major advantage of introducing DTC and GST by Central Govt?

1465

Should we give C form with Freight, Insurance, P&F after CST?

3449

is there any specific percentage related to lower tax deduction under tds

1652