we want to know that the rate of TDS on contractor , rent, Professional and al

we want to know that the rate of TDS on contractor , rent,
Professional and also know that what is the minimum amount
for TDS on Contractor , Professional

Question Posted / happynlg

4 Answers
7662 Views
I also Faced
E-Mail Answers

Answers were Sorted based on User's Feedback

we want to know that the rate of TDS on contractor , rent, Professional and also know that what is..

Answer / swati

TDS on Contractor for company firm - 2% limit - Rs.75000/-
per year
TDS on Contractor for Individual -1% limit - Rs75000/-for
year
TDS on Professional - 10% limit-Rs.30000/- for year
TDS on Hiring - 2%

Is This Answer Correct ?

16 Yes

2 No

we want to know that the rate of TDS on contractor , rent, Professional and also know that what is..

Answer / manoj s

SEC 194C -CONTRACTORS. IF THE SINGLE BILL IS EXCEEDING
30000 OR THE AGGREGATE BILL IN A YEAR EXCEEDS 75000..THEN
TDS OF 1% IS DEDEUCTED IF IT IS SUB CONTRACTING OR
ADVERTISING .. IN OTHER CASES 2% OF TDS IS DEDUCTED

SEC194I-RENT .. IF THE AMOUNT EXCEEDS 180000 PER ANNUM ..
THEN PLANT AND MACHINERY 2%
OTHER ASSETS 10% IS DEDUCTED

SEC194J-PROFESSIONAL FEES.. IF AMOUNT EXCEEDS 30000 IN A
YEAR.. THEN 10% TDS IS DEDUCTED

Is This Answer Correct ?

2 Yes

0 No

we want to know that the rate of TDS on contractor , rent, Professional and also know that what is..

Answer / sharyanch

TDS on Contractor 2% - Contractor bill Rs.20000/- in
lumpsum payment for TDS deduction or Rs.50000/- payment in
current financial year.
TDS on Rent 20%.
TDS On Professional 10% - Mimimum Rs.5000/-

Is This Answer Correct ?

7 Yes

8 No

we want to know that the rate of TDS on contractor , rent, Professional and also know that what is..

Answer / accounts

25000

Is This Answer Correct ?

0 Yes

1 No

Post New Answer