What is TDS ? What is the TDS Rate as per new accounting
period 2008 - 2009
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Answer Posted / raj shukla raipur
TDS fullname is Tax Deduction at Soucre it means where the
income accured there it should be deducted its just like
advance Tax deductee will take befit of TDS if their income
is less than TDS .
some rates are given as below its diffrece for
firm ,company & pesonel genraly use
item limt tds Rate %
Rent 120000/-pa 20% + 2%cess+ 1%shecess
Contarctor 50000/- pa 2% + 2% +1%
Professinol 50000/- pa 10% +2% +1%
commision 5000/-pa 5% +2% +1 %
Interest 5000/-pa 10% +2% +1%
| Is This Answer Correct ? | 228 Yes | 68 No |
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