WHAT IS THE RATE OF TDS ON
SALARY,RENT,COMMISSION,CONTRACT,INTEREST, BROKERAGE ETC

Answer Posted / shabd kumar choudhary

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



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Please explain how to pass entry for VAT setoff and Service Tax Credit?

2748


Ganesh & Gopal joined a firm drawing salary of Rs 25000 per month.After serving 3 yrs ,they started business of their own in partnership,contributing Rs200000(expected life 10 yrs,bought spare parts worth Rs 33000 from Kundu on credit.Office supplies were purchased for cash.Initially they were very busy in conducting their business operations but by the end of the 1st year,31/12/2005 they were disappointed when they found their bank balances.Following is the summary of their bank statement. Receipts: Share Capital Rs 250000 Collections from Customers 412000 Payments: Equipment 200000 Salaries of Assistants 88000 Rent advance for 2 yrs 96000 On-year ins. Policy on equipment 12000 Office stationery 27000 Payment to Kundu 29000 Withdrawals of Ganesh 90000 Withdrawals of Gopal 90000 Closing balance c/d 30000 ----------- Total : 6,62,000 Still amount receivable from customers for services to them amounted to Rs 30,000 & closing balance of office stationery is Rs2000,spare parts Rs2600 were utilised by the end of the year .Prepare trial balance with the available information and show total. Also what is the net profit.

1476


calculation of Tds on subcontractor

1868


Who are non resident?

686


How to reconcilation of modvat

1873






WHETHER VAT IS APPLICABLE IN FIRMER TRACTORS ? WHETHER VAT IS APPLICABLE IN NORMAL TRACTORS ? PLEASE NOTE THAT I HAVE PURCHASED IT BY PAYING VAT.

1823


How can the management breakup the salary of employee(if salary Rs.10000/-) which % they calculate the Basic,T.A,D.A,H.RA.and e.t.c.

1663


Pl give the abstract details of Karnataka VAT Payment procedure, rebating, returns filing in connection of manufacture, distributer & retailer.

2977


What is cenvat credit?

1844


IF I RECD ANY BILL TOWARDS PRINTING OF FORMS, VOUCHERS AND ON SAME VAT IS CHARGED 5%, IS TDS IS ALSO APPLICABLE FOR THE SAME.

1419


Dear Friends, Hai, i want to Know that How To Fill ETDS Return. Kindly Tell I'wll we very thankful to you. Deepak Gupa

1442


What is the general format for a consolidated file extension? It is showing invalid file format? So how to solve the error? How to correct the file format? Help me how to know the general consolidated file format like is it tan no_finan.Yr-quarter-type.Tds is this format correct one? Last time i have found the extension as .Csi is it correct?

1231


Define the term "Manufacturer"as introduced in finance act2010.

1676


What is meant by asset clearance . how should i make my entries in tally

1221


sir, can you give me clarification briefly how to capitalized and which one capitalized

1638