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Can TDS be deducted without the minimum exemption. for rent
if annual rent is 1,50,000 then calculate TDS.

Answers were Sorted based on User's Feedback



Can TDS be deducted without the minimum exemption. for rent if annual rent is 1,50,000 then calcula..

Answer / manmeet singh

ay 2008-09 if rent >120000
u/s 194i @ 15 % tds will be deducted.

Is This Answer Correct ?    23 Yes 1 No

Can TDS be deducted without the minimum exemption. for rent if annual rent is 1,50,000 then calcula..

Answer / altaf hussain

If the rent is exceeds 1,20,000/- TDS will be deducted on
entire amount i.e.1,50,000/-
Company :
if the amount <1 Crore
Tax : 20%
Education Cess : 2%
Secondery Higher Education Cess : 1%
if the amount >1 Crore
Tax : 20%
surcharge : 10%
Education Cess : 2%
Secondery Higher Education Cess : 1%

Firm :
if the amount <1 Crore
Tax : 15%
Education Cess : 2%
Secondery Higher Education Cess : 1%
if the amount >1 Crore
Tax : 15%
surcharge : 10%
Education Cess : 2%
Secondery Higher Education Cess : 1%

Is This Answer Correct ?    16 Yes 0 No

Can TDS be deducted without the minimum exemption. for rent if annual rent is 1,50,000 then calcula..

Answer / akhilesh dhir

Minimum limit is 120000/- the rate of TDS is 10% no
surcharges and education cess charged on it.



thanx

Is This Answer Correct ?    3 Yes 0 No

Can TDS be deducted without the minimum exemption. for rent if annual rent is 1,50,000 then calcula..

Answer / vijay

no we can't since the Min 150,000

Is This Answer Correct ?    7 Yes 11 No

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