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Can TDS be deducted without the minimum exemption. for rent
if annual rent is 1,50,000 then calculate TDS.

Question Posted / biprover

Answers were Sorted based on User's Feedback



Can TDS be deducted without the minimum exemption. for rent if annual rent is 1,50,000 then calcula..

Answer / manmeet singh

ay 2008-09 if rent >120000
u/s 194i @ 15 % tds will be deducted.

Is This Answer Correct ?    23 Yes 1 No

Can TDS be deducted without the minimum exemption. for rent if annual rent is 1,50,000 then calcula..

Answer / altaf hussain

If the rent is exceeds 1,20,000/- TDS will be deducted on
entire amount i.e.1,50,000/-
Company :
if the amount <1 Crore
Tax : 20%
Education Cess : 2%
Secondery Higher Education Cess : 1%
if the amount >1 Crore
Tax : 20%
surcharge : 10%
Education Cess : 2%
Secondery Higher Education Cess : 1%

Firm :
if the amount <1 Crore
Tax : 15%
Education Cess : 2%
Secondery Higher Education Cess : 1%
if the amount >1 Crore
Tax : 15%
surcharge : 10%
Education Cess : 2%
Secondery Higher Education Cess : 1%

Is This Answer Correct ?    16 Yes 0 No

Can TDS be deducted without the minimum exemption. for rent if annual rent is 1,50,000 then calcula..

Answer / akhilesh dhir

Minimum limit is 120000/- the rate of TDS is 10% no
surcharges and education cess charged on it.



thanx

Is This Answer Correct ?    3 Yes 0 No

Can TDS be deducted without the minimum exemption. for rent if annual rent is 1,50,000 then calcula..

Answer / vijay

no we can't since the Min 150,000

Is This Answer Correct ?    7 Yes 11 No

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