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what is the present tds rates?

Answers were Sorted based on User's Feedback



what is the present tds rates?..

Answer / h.r. sreepada bhagi

For these kind of information refer the the concerned Act or
get the information from the website of the concerned
department (i.e., Income Tax Dept., Sales Tax Dept., Central
Excise, etc.) These rates are subject to change. You can
refer Income Tax Ready Reckoner latest edition also. You
will get correct & complete information.

Both the answers above are incomplete or incorrect. My
advice to those posting the answers, don't mention what you
think is correct, but write what's correct if you know from
the authentic source, otherwise it will misguide the users
of these answers.

Is This Answer Correct ?    2 Yes 0 No

what is the present tds rates?..

Answer / viswanatha

194A Interest from a Banking Company Rs. 10,000/-
INDIVIDUAL and HUF p.a 10 20
194A Interest other than from a Banking Co. Rs. 5,000/- INDIVIDUAL and HUF p.a 10 Payment To Other 20
194C Payment to sub-contrctor/Advertisement contracts Rs.20,000/- per contract or Rs. 50,000/- INDIVIDUAL and HUF p.a 1 Payment To Other 2
194C other Contractors Rs.20,000/- per contract or Rs. 50,000/- p.a INDIVIDUAL and HUF 1 Payment To Other 2
194C Transport contractors engaged in the business of plying, hiring or leasing goods carriages. Nil * Nil Nil
194H Commission or Brokerage Rs. 2,500/- INDIVIDUAL and HUF p.a 10 Payment To Other 10
194I Rent other than Plant, Mach.& Eqp. Rs. 1,20,000/- p.a INDIVIDUAL and HUF 10 Payment To Other 10
194I Rent of Plant , Machinery & Equipments Rs. 1,20,000/- INDIVIDUAL and HUF p.a 2 Payment To Other 2
194J Professional/Technical Charges Rs.20,000/-INDIVIDUAL and HUF p.a 10 Payment To Other 10

dear friends
this prompt is only upto 30 june 2010 will be change on 1/07/2010

Is This Answer Correct ?    1 Yes 0 No

what is the present tds rates?..

Answer / naresh garg

on contract 2% , professional fees 10%, interest 10%,rent
15%

Is This Answer Correct ?    7 Yes 8 No

what is the present tds rates?..

Answer / hamsa

On Contract the TDS Rate is 2.06% (including 3% Eucation cess)
On Professional Fee the TDS Rate is 10.3% (")
On Interest the TDS rate applicable is 10.3% (")
On Rent for the use of Plant & Machinery Rate is 2.06%(")
On Rent for the use of land and buildings the revised TDS Rate is 10.3% (Including Education Cess @3%).

* TDS on rent for the use of Land and buildings including furniture and fixtures has been reduced to 10%.

Is This Answer Correct ?    3 Yes 4 No

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