(1) what is TDS
(2) what is the current Rate of TDS:
(A) payment of contarctor/subcontractor
(b) payment of professional charges
(c) payment of rent
(d) salary
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Answer Posted / shivakumar.c
1)Payee of certain income deducts tax @ source @ the
specified rate at the time of accruel or payment of such
income to the payee
a)Payment to contractors/Sub contractors = 2.266%/1.133%
b)Payment to Professional charges = 11.33%
c)Payment to Rent = 22.66%
d)Salary = 30%+10%+3%
| Is This Answer Correct ? | 17 Yes | 8 No |
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