Please tell me about TDS, VAT, CST, Service tax with latest
rate?
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Answer Posted / gopal krish
1) Tds Rates in India
a) Interest / other than interest on securities:
Banking - 10,000/p.a
Others - 5000/ P.a
IF Exceed the limit of above said value
HUF - 10%
FIRM - 10 %
b) Payment to Contractors:
Rs.10,000/ P.a
IF Exceed the limit of above said value
HUF - 1%
FIRM - 2%
c)Payment to Subcontractors:
Rs.30,000/ Per Contract or Rs.75000/ P.a
IF Exceed the limit of above said value
HUF - 1%
FIRM - 2%
d)Insurance Commission:
Rs.20,000/ P.a
IF Exceed the limit of above said value
HUF - 10%
FIRM - 10 %
e)Commission & Brokerage:
Rs.5,000/ P.a
IF Exceed the limit of above said value
HUF- 10%
FIRM - 10%
F)Rent For Land& Buildings:
Rs.1,80,000/ P.a
IF Exceed the limit of above said value
HUF - 10%
FIRM - 10%
G)Rent for Plant & Machinary:
Rs.1,80,000/ P.a
IF Exceed the limit of above said value
HUF - 2%
FIRM - 2%
H)Professional Fees/Technical Services:
Rs.30,000/ P.a
IF Exceed the limit of above said value
HUF- 10%
FIRM - 10%
=>VAT: Value Added Tax:
1%
4%
12.5%
=>CST: Central Sales Tax:For only Inter sales
2% against C form
4%
12.5%
=> Service Tax:
10% Rounded
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