what is process of the TDS deduction?
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Answer / p b jadhav
1.what is the process of TDS deduction?
2. is there necessary to deduct service tax expect from
sec. 194I (on 94A to 94J) ....p b jadhav
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Answer / chiranjeevi
As per income tax slab ,
2.5 - 5 is 5%
5 - 10 is 20%
More than 10 lakh is 30%
Note - It is for only individuals who are less than age of 60.
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AT 5% will be charged on 70% of Total Amount and Service Tax of 12.36% will be charged on 30% of Total amount
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