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Categories >> Accounting >> Taxation
 
 


 

 
 Audit interview questions  Audit Interview Questions (427)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (158)
 Taxation interview questions  Taxation Interview Questions (1897)
 Accounting General interview questions  Accounting General Interview Questions (2806)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4359)
Question
WHAT IS THE RATE OF TDS ON
SALARY,RENT,COMMISSION,CONTRACT,INTEREST, BROKERAGE ETC
 Question Submitted By :: Taxation
I also faced this Question!!     Answer Posted By  
 
Answer
# 1
SALARY-AVERAGE RATE
RENT FOR INDIVIDUAL-15%
FOR CO.-20%
COMMISSION 10%
CONTRACTOR 2%
INTEREST-10%
BROKERAGE-10%
 
Is This Answer Correct ?    29 Yes 11 No
Vikas Kumar
 
Answer
# 2
Salary = Average

Rent= 15%(For Co. the rate is 20%)

Commission =10%

Contract= 2%
Interest =10%

Brokarage= 10%
 
Is This Answer Correct ?    12 Yes 5 No
Ajoy Chakraborty
 
 
 
Answer
# 3
SALARY-AVERAGE RATE
RENT Building FOR ALL -10%
RENT Machinery FOR ALL -2%
COMMISSION 10%
CONTRACTOR for Co 2% other 1%
INTEREST-10%
BROKERAGE-10%
 
Is This Answer Correct ?    8 Yes 2 No
Ved Parkash Chauhan
 
Answer
# 4
Rates of Tds

# On Salary= (192B)Average Rate
# On Rent--(194I)
10% on Land & Building
2% on Plant & Machinery
# 10 % On Commission & Brokerage & Sale on lottery ticket (194H & 194G)
# 2% & 1% on Contractor of Company & Non Company deductee (194C)
# 10% on both Interest on Security & others u/s 194A
 
Is This Answer Correct ?    4 Yes 0 No
Rabindra Mallick
 
Answer
# 5
tds on rent is 10-15%

commission is 10%

contract is 2-4%

interest is 1-8%

brokage is 10-20%.
 
Is This Answer Correct ?    32 Yes 30 No
Guest
 
Answer
# 6
1) salary for Co. & Firm Not Applicable,
& For Individual & HUF actual Tax

2) Rent For House Property
for Co. & Firm 20.60%
for Individual 15.45%
for HUF 20.60%
Rent for plant & Machinery
10.30% for Co. & Firm
10.30% for individual & HUF

3)Commission
10.30% for Co. & Firm, Individual & HUF if the amount
exceeds Rs. 2500

4) Contract
2.06% for all

5)Interest
20.60% for Co. & Firm
10.30% for HUF & Individual

6)Brokerage
Same as commission
 
Is This Answer Correct ?    8 Yes 7 No
Shabd Kumar Choudhary
 
Answer
# 7
how calculate tds on commission and how makes form 16a 
Is This Answer Correct ?    3 Yes 2 No
Avnish Kumar
 
Answer
# 8
SALARY-AVERAGE RATE
RENT Building FOR ALL -10%
RENT Machinery FOR ALL -2%
COMMISSION 10%
CONTRACTOR for Co 2% other 1%
INTEREST-10%
BROKERAGE-10%
 
Is This Answer Correct ?    2 Yes 1 No
Deepak Kumar Patro
 

 
 
 
Other Taxation Interview Questions
 
  Question Asked @ Answers
 
what are the ways of paying service tax and vat montly manually??   4
what do you mean by fringe benefit tax???   4
From Buyer's point of view, In Interstate purchase to save tax we issue "C" form but at the same time can u tell me by allowing issuing "c" form govt bearing any losses in collection of taxes. e.g.while giving c form i only pay 2% instead of 12.5% the is it loss to govt of 10.5%, if yes then why govt. allowing "c" form, pls explain.   1
What are the Karnataka's VAT Rates ?   1
i am work in partnership firm. i recd. the bill of security charges & Labour charge contain service tax. whose amount will be taken for tds deduction befor service tax or after service tax.pls guide me what's will be the entry of these transaction.   1
If my company undertakes an AMC (Annual Maintainence Contract)with a Service company for Photocopiers Machines it is understood that we will be charged 12.36% of Service Tax on 70% of Total amount however how much percentage VAT is applicable on rest of the 30 % of total amount?   3
Is car hire charges attract FBT?   3
What is "E1 Form" ? what are the types in that? why it is used?   1
There is a Service Bill of Rs.50,000 & Service Tax added 10.30% & We have to deduct TDS @ 2%. Assume that Service Tax Input Credit available to Ur Co. What is the Journal Entry for this? Motorola 17
IF WE PURCHASE MATERIAL FROM OUTSIDE STATE FOR RS 100000 (INCLUDING CST) AGAINST C FORM. AND AFTER ONE MONTH WE ISSUED DEBIT NOTE FOR RS. 30,000 /- TO A SELLER. NOW WHAT AMOUNT WE FILL IN THE C FORM AT THE TIME OF ISSUE, 1,00,000 /- OR 70,000 /-   1
When i deduct TDS from my Sundry Creditor, i have to provide him TDS Certificate, after submitting the TDS Certificate to the party what Procedure i have to follow from my Company ? TATA 1
what is tds tax and what is vat use in tally ?   1
 
For more Taxation Interview Questions Click Here 
 
 
 
 
 


   
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