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What are the present rates of Vat, Tds & Service Tax?

Answer Posted / ashok kumar sahoo

Hi,
1. VAT
1% Tax ( Gold ornaments & Diamonds etc )
5% Tax ( Daily consumable Goods, as usual Goods )
12.5% Tax ( On Luxerious Items etc.)
20% Tax ( On Lubricant Oil etc )

2. TDS is a Direct Tax
Rate of TDS
TDS Rent@10%, Range upto-1,80,000/-
TDS Cont.@2% in case of companies, Range upto 75000/-
TDS Cont.@1% in case of other than companies Like Individual, Partnership firm etc
TDS Comm.@10/- Range upto 5000/- incase of insurance & 10000/- incase of Banking
TDS Proffessional @ 10/- Range upto 30000/-

3. service tax is a Indirect tax
Rate of Service Tax-10.30%

Regards:
Ashok
I Disk Solutions
09861991761

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