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(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

Answer Posted / neeraj suryan

Section Catagary Rate

194 A Intrest from bank 10%
194 A Other intrest 10%
194 B Winning from lottries 30%
194 BB Winning from Hourse Race 30%
194 C Contractors,Transpoters 2%
194 D Insurance commission 10%
194 H Commision 10%
194 I Rent 10%
194 I Rent Plant/ Machinary 2%
194 J Professional Fee 10%

No Surcharge & Cess is applicable form 01.4.2009
For Transportor no TDS if PAN is available.

In case of income

Male Normal age
160001-500000 10%
500001-800000 20%
More than 800000 30%

Female
190001-500000 10%
500001-800000 20%
More than 8 lakh 30%

Senior Citizen (more than 65)
240001-500000 10%
500001-800000 20%
More than 8 lakh 30%

Is This Answer Correct ?    4 Yes 0 No



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