What is the rate of TDS applicable for Advertisement in FY
2008-09 (Individual+Company)?
Answers were Sorted based on User's Feedback
Answer / sd marulasiddappa, bengalooru-
TDS on Advertisement in Fy 2008-09 is as follows:
Section: 194 C
Limit: Rs.20,000-/
1) for Company : 1.133% ( Rate 1%, Sur ch 10% & Edu cess 3%)
(Where nety taxable income more than 1 Crore)
2) for Company : 1.030% ( Rate 1%, Sur ch 0% & Edu cess 3%)
(Where nety taxable income less than 1 Crore)
3) for Individual: 1.133%
| Is This Answer Correct ? | 30 Yes | 3 No |
Answer / sibaprasad
TDS on Advertisement in Fy 2008-09 is as follows:
Section: 194 C
Limit: Rs.20,000-/ and exceed Rs.50,000/- in a financial
year
1) for Company, Firms and Individual : 1.133% ( Rate 1%,
Sur ch 10% & Edu cess 3%)
(Where net taxable income more than 1 Crore)
2) for Company, Firms and Individual : 1.030% ( Rate 1%,
Sur ch 0% & Edu cess 3%) (Where net taxable income less
than 1 Crore)
3) Local authority and Co-operative societies surcharges
not added.
| Is This Answer Correct ? | 12 Yes | 5 No |
Answer / praveen babu
TDS on advertising is deducted U/s.194C of Income tax act.
If TDS not deducted, If Per single transaction does not exceed Rs.20,000/-
and total transactions during the year doe not exceed Rs.50,000/-.
Otherwise Tds has to deduct.
For Individuals Normal rate 1% + 10%Surcharge on Tax(It is applicable only if the Individual gross total income exceeds Rs.10,00,000/-, other wise surcharge is not applicable.) +Education cess @2% and Higher education cess 1% on on tax.
For Companies & Firms :- Income tax 1% + 10%Surcharge on Tax(It is applicable only if the Companies & Firms total turnover exceeds Rs.1,00,00,000/-, other wise surcharge is not applicable.) +Education cess @2% and Higher education cess 1% on on tax.
| Is This Answer Correct ? | 7 Yes | 2 No |
TDS Rate in advertising is 1%+(10% surcharge Ef app.)+3%
Education cess
| Is This Answer Correct ? | 7 Yes | 3 No |
Answer / shalini.mann
INDIVIDUAL:- slab rate :-
1 > FEMALE 145000/- exempt upto 150000/- @ 10% upto
250000/- @20% more then 250000/- & upto 1000000/- @30%
2 > Male 110000/- exempt upto 150000/- @ 10% upto 250000/-
@20% more then 250000/- & upto 1000000/- @30%
3 > Senior Citizen 195000/- exempt upto 250000/- @20%
more then 250000/- & upto 1000000/- @30%
COMPANY:- Slab Rate:-
| Is This Answer Correct ? | 10 Yes | 20 No |
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