why we use 2.06% and 2.266% of tds rate in one
contract.what is the difference?

Answers were Sorted based on User's Feedback



why we use 2.06% and 2.266% of tds rate in one contract.what is the difference?..

Answer / vijay bhaskar reddy

Category Below Rs.Ten lakhs above Rs.Ten lakhs

Contractors 2.060% 2.266%
Sub-contractors 1.030% 1.133%
Professionals 10.300% 11.330%
Rent 15.450% 16.990%

Is This Answer Correct ?    16 Yes 1 No

why we use 2.06% and 2.266% of tds rate in one contract.what is the difference?..

Answer / sushil kumar

diffrence in 2.06 & 2.266 is that
in 2.06 (including edu.cess+Sec.higher edu.cess)
in 2..66( 10% surchase extra)

Is This Answer Correct ?    2 Yes 0 No

why we use 2.06% and 2.266% of tds rate in one contract.what is the difference?..

Answer / anand

second one answer is right.

Is This Answer Correct ?    0 Yes 0 No

Post New Answer

More Taxation Interview Questions

Does the tax liability of an individual get affected due to his residential status? If yes, explain.

0 Answers  


can we take 100% input of contractor service tax billing where service receiver have to pay 50% service tax

0 Answers  


How to make a bill of software sale with service tax?

0 Answers  


We are SSI unit. Is there any procedure for the cancellation of excise invoice for excise department?

1 Answers  


What do you understand by transfer income?

0 Answers  






How anyone calculate HRA exemption from taxable salary for Exam. HRA is 12000 and rent paid is 11500 and total salary is 50000 thousand???????? plz. clear with example!!

3 Answers   TCS,


Is Work Contract Tax expenses for a company?

0 Answers  


what is the entry tax explain briefly?

0 Answers  


Telliphone Bill amount is Rs. 50,000/- and Service tax (12.36%) is Rs. 6180/- Total 56180/- is going to Debit a/c. my question is Tds caluculation made for what amount. (50000/- or 56180/-) pl give me correct answer.

21 Answers   ABC,


How do I get a C form with the bank Guarantee?

0 Answers   PointX CAD,


Hi, When your orgnization is applicable for VAT payment..? Payment date of VAT ? Return date of VAT ? What is VAT Summary..?? What is Vat Set off ?? Which Entry to be passed after filing return or payment..??? I will be very thankful to you if anyone can give the detail in short how to file VAT return..? which form etc..?????

1 Answers  


Who are non resident?

0 Answers  


Categories