Please tell me about TDS, VAT, CST, Service tax with latest
rate?
Answers were Sorted based on User's Feedback
Answer / shambhu kumar singh
Tax diduction at sources, Valu add Tax in Haryana 12.5%, 4%
Central Sales Tax in Haryana 2% Against Cform, Without C
form Full Tax of Rate 12.5% or 4% as per applicable.
Service Tax 12.36%
Is This Answer Correct ? | 143 Yes | 61 No |
Answer / lalit
Tds as an contractor 2.266% (exemption limit 20000/-)
professional fees 10.3% & if transiction with same company
up to 10000000/- than tds is applicable 11.33%,
interest on securities,unsecurities 11.33%,compamny 22.66%
Commision & brokage tds is 10.3% & if transiction with
same company 10000000/- tds is applicable11.33%
Rent of plant, machinery & equipment tds apply 10.3% & if
transction after 10000000/- then tds is applicable 11.33%
Rent of building, land & furnature material tds apply 20.6%
and transction after 10000000/- tds is applicable 22.66%
Value added tax 4%, 12.5% depend by material
Cst 2% w.e.f 01/06/08 for register dealer & 4%, 12.5% for
unregistered dealer de[end by material
Service tax 10.3% w.e.f 24/2/09
Is This Answer Correct ? | 54 Yes | 8 No |
Answer / p.v.rao
TDS- TAX DEDUCTION AT SOURES
VAT- VALUE ADD TAX 1%, 4%, 12.5%
CST- CENTAL SALES TAX
Is This Answer Correct ? | 63 Yes | 18 No |
Answer / kalpana dudhate
TDS = tax deducted at sources 2.266% as an contractors,
10.30% as an professional & 11.33% if company is ltd & this
company turn over above 1000000/- P.A.
VAT = Value added Tax at present 12.5%
CST = Central Sales Tax
Is This Answer Correct ? | 71 Yes | 35 No |
Answer / b.l. choudhary
tds rate of difrent
on petty contractors 1%
on House Rent 15%
on Machinary hire 2%
on Transporation/Carriage 2%
of 01.10.09
rate of vat depend on items 4%,12.5%
service tax larest rate 10%
Is This Answer Correct ? | 31 Yes | 5 No |
Answer / venkata subbaiah d c
TDS NEW RATES:- THIS TDS UP TO 30-09-2009
194A-OTHER INTEREST-5000- 10.300 IS UP TO 1CRORE
194A-OTHER INTEREST-5000- 11.330 IS EXCEEDS 1CRORE
194B-WINNING FROM LOTTERIES-5000-30.900 IS UP TO 1CRORE
194B-WINNING FROM LOTTERIES-5000-33.990 IS EXCEEDS 1CRORE
194C-PAYMENT TO CONTRACTOR-20000-2.060 IS UP TO 1CRORE
194C-PAYMENT TO CONTRACTOR-20000-2.266 IS EXCEEDS 1CRORE
194C-PAYMENT TO SUBCONTRACTOR-20000-1.030 IS UP TO 1CRORE
194C-PAYMENT TO SUBCONTRACTOR-20000-1.133 IS EXCEEDS 1CRORE
194D INSURANCE COMMISSION-5000-10.300 IS UP TO 1CRORE
194D-INSURANCE COMMISSION-5000-11.330 IS EXCEEDS 1CRORE
194H-COMMISSION ON BROKARAGE-2500-10.300 IS UP TO 1CRORE
194H-COMMISSION ON BROCARAGE-2500-11.330 IS EXCEEDS 1CRORE
194I-RENT-120000-15.450 IS UP TO 1CRORE
194I-RENT-120000-16.995 IS EXCEEDS 1CRORE
194I-RENT PLANT/MACHINARY-120000-10.300 IS UP TO 1CRORE
194I-RENT PLANT/MACHINARY-120000-11.330 IS EXCEEDS 1CRORE
194J-PROFESSIONAL FEES-20000-10.300 IS UP TO 1CRORE
194J-PROFESSIONAL FEES-20000-11.330 IS EXCEEDS 1CRORE
TDS WITH EFFECT FROM 1-10-2009
194A-10
194A-10
194B-30
194B-30
194C-2
194C-1
194C-2
194C-1
194D-10
194D-10
194H-10
194H-10
194I-10
194I-10
194I-2
194I-2
194J-10
194J-10 PLEASE ABOVE THE SAME MATTER PRESENT RATES.
VAT-GOLD;SILVER ETC-1%
VAT-CHIKEN;MUTTON ETC-4%
VAT-LIQUIDES-ALKHAHAL;BEER ETC-12.5%
VAT-SPECIAL EFFECT-DISEL;PETROL-33.3%.
CST-CENTRAL SALES TAX I DON'T NO PLEASE EXPLAIN CST RATS AND
ABOUT THE CST PLEASE SEND THE MY MAIL ID
SERVICE TAX-UP TO 23-02-2009 - 12.36%
SERVICE TAX - IS EFFECT FROM 24-02-2009 10.3%.
Is This Answer Correct ? | 17 Yes | 2 No |
Answer / harish nawani
tds -Interest on Securities
IT SC IT+Sur EC NET
Company <= 1 crore 20 0 20 3 20.6
Company > 1 crore 20 10 22 3 22.66
Firm <= 1 crore 10 0 10 3 10.3
Firm > 1 crore 10 10 11 3 11.33
Individual /HUF <= 10 lacs 10 0 10 3 10.3
Individual /HUF>10 lacs 10 10 11 3 11.33
Co-Operative Societies 10 0 10 3 10.3
Local Authority 10 0 10 3 10.3
Interest other than Interest on Securities
Threshold Limit - Rs. 5000. (For Banking Company - Rs.
10000 w.e.f. 01/06/2007)
IT SC IT+Sur EC NET
Company <= 1 crore 20 0 20 3 20.6
Company > 1 crore 20 10 22 3 22.66
Firm <= 1 crore 10 0 10 3 10.3
Firm > 1 crore 10 10 11 3 11.33
Individual /HUF <= 10 lacs 10 0 10 3 10.3
Individual /HUF>10 lacs 10 10 11 3 11.33
Co-Operative Societies 10 0 10 3 10.3
Local Authority 10 0 10 3 10.3
Payment to Contractors
Threshold Limit - Rs. 20000
IT SC IT+Sur EC NET
Company <= 1 crore 2 0 2 3 2.06
Company > 1 crore 2 10 2.2 3 2.266
Firm <= 1 crore 2 0 2 3 2.06
Firm > 1 crore 2 10 2.2 3 2.266
Individual /HUF <= 10 lacs 2 0 2 3 2.06
Individual /HUF>10 lacs 2 10 2.2 3 2.266
Co-Operative Societies 2 0 2 3 2.06
Local Authority 2 0 2 3 2.06
Payment to Sub-Contract/Adv Contract
Threshold Limit - Rs. 20000
IT SC IT+Sur EC NET
Company <= 1 crore 1 0 1 3 1.03
Company > 1 crore 1 10 1.1 3 1.133
Firm <= 1 crore 1 0 1 3 1.03
Firm > 1 crore 1 10 1.1 3 1.133
Individual /HUF <= 10 lacs 1 0 1 3 1.03
Individual /HUF>10 lacs 1 10 1.1 3 1.133
Co-Operative Societies 1 0 1 3 1.03
Local Authority 1 0 1 3 1.03
Rent on Plant / Machinery
Threshold Limit - Rs. 120000
IT SC IT+Sur EC NET
Company <= 1 crore 10 0 10 3 10.3
Company > 1 crore 10 10 11 3 11.33
Firm <= 1 crore 10 0 10 3 10.3
Firm > 1 crore 10 10 11 3 11.33
Individual /HUF <= 10 lacs 10 0 10 3 10.3
Individual /HUF>10 lacs 10 10 11 3 11.33
Co-Operative Societies 10 0 10 3 10.3
Local Authority 10 0 10 3 10.3
Rent
Threshold Limit - Rs. 120000
IT SC IT+Sur EC NET
Company <= 1 crore 20 0 20 3 20.6
Company > 1 crore 20 10 22 3 22.66
Firm <= 1 crore 20 0 20 3 20.6
Firm > 1 crore 20 10 22 3 22.66
Individual /HUF <= 10 lacs 15 0 15 3 15.45
Individual /HUF>10 lacs 15 10 16.5 3 16.995
Co-Operative Societies 20 0 20 3 20.6
Local Authority 20 0 20 3 20.6
Fees for Professional / Technical Services upto
31/05/2007
Threshold Limit - Rs. 20000
IT SC IT+Sur EC NET
Company <= 1 crore 5 0 5 3 5.15
Company > 1 crore 5 10 5.5 3 5.665
Firm <= 1 crore 5 0 5 3 5.15
Firm > 1 crore 5 10 5.5 3 5.665
Individual /HUF <= 10 lacs 5 0 5 3 5.15
Individual /HUF>10 lacs 5 10 5.5 3 5.665
Co-Operative Societies 5 0 5 3 5.15
Local Authority 5 0 5 3 5.15
Fees for Professional / Technical Services after
01/06/2007
Threshold Limit - Rs. 20000
IT SC IT+Sur EC NET
Company <= 1 crore 10 0 10 3 10.3
Company > 1 crore 10 10 11 3 11.33
Firm <= 1 crore 10 0 10 3 10.3
Firm > 1 crore 10 10 11 3 11.33
Individual /HUF <= 10 lacs 10 0 10 3 10.3
Individual /HUF>10 lacs 10 10 11 3 11.33
Co-Operative Societies 10 0 10 3 10.3
Local Authority 10 0 10 3 10.3
Winning from Lotteries & Puzzles
IT SC IT+Sur EC NET
Company <= 1 crore 30 0 30 3 30.9
Company > 1 crore 30 10 33 3 33.99
Firm <= 1 crore 30 0 30 3 30.9
Firm > 1 crore 30 10 33 3 33.99
Individual /HUF <= 10 lacs 30 0 30 3 30.9
Individual /HUF>10 lacs 30 10 33 3 33.99
Co-Operative Societies 30 0 30 3 30.9
Local Authority 30 0 30 3 30.9
Winning from Horse Races
IT SC IT+Sur EC NET
Company <= 1 crore 30 0 30 3 30.9
Company > 1 crore 30 10 33 3 33.99
Firm <= 1 crore 30 0 30 3 30.9
Firm > 1 crore 30 10 33 3 33.99
Individual /HUF <= 10 lacs 30 0 30 3 30.9
Individual /HUF>10 lacs 30 10 33 3 33.99
Co-Operative Societies 30 0 30 3 30.9
Local Authority 30 0 30 3 30.9
Insurance Commission
IT SC IT+Sur EC NET
Company <= 1 crore 20 0 20 3 20.6
Company > 1 crore 20 10 22 3 22.66
Firm <= 1 crore 10 0 10 3 10.3
Firm > 1 crore 10 10 11 3 11.33
Individual /HUF <= 10 lacs 10 0 10 3 10.3
Individual /HUF>10 lacs 10 10 11 3 11.33
Co-Operative Societies 10 0 10 3 10.3
Local Authority 10 0 10 3 10.3
Non-resident Sportsman or Sports Association
IT SC IT+Sur EC NET
Company <= 1 crore 0 0 0 3 0
Company > 1 crore 0 0 0 3 0
Firm <= 1 crore 10 0 10 3 10.3
Firm > 1 crore 10 10 11 3 11.33
Individual /HUF <= 10 lacs 10 0 10 3 10.3
Individual /HUF>10 lacs 10 10 11 3 11.33
Co-Operative Societies 10 0 10 3 10.3
Local Authority 10 0 10 3 10.3
Commision on Sale of Lottery Tickets
IT SC IT+Sur EC NET
Company <= 1 crore 10 0 10 3 10.3
Company > 1 crore 10 10 11 3 11.33
Firm <= 1 crore 10 0 10 3 10.3
Firm > 1 crore 10 10 11 3 11.33
Individual /HUF <= 10 lacs 10 0 10 3 10.3
Individual /HUF>10 lacs 10 10 11 3 11.33
Co-Operative Societies 10 0 10 3 10.3
Local Authority 10 0 10 3 10.3
Commision/Brokerage upto 31/05/2007
Threshold Limit - Rs. 2500
IT SC IT+Sur EC NET
Company <= 1 crore 5 0 5 3 5.15
Company > 1 crore 5 10 5.5 3 5.665
Firm <= 1 crore 5 0 5 3 5.15
Firm > 1 crore 5 10 5.5 3 5.665
Individual /HUF <= 10 lacs 5 0 5 3 5.15
Individual /HUF>10 lacs 5 10 5.5 3 5.665
Co-Operative Societies 5 0 5 3 5.15
Local Authority 5 0 5 3 5.15
Commision/Brokerage after 01/06/2007
Threshold Limit - Rs. 2500
IT SC IT+Sur EC NET
Company <= 1 crore 10 0 10 3 10.3
Company > 1 crore 10 10 11 3 11.33
Firm <= 1 crore 10 0 10 3 10.3
Firm > 1 crore 10 10 11 3 11.33
Individual /HUF <= 10 lacs 10 0 10 3 10.3
Individual /HUF>10 lacs 10 10 11 3 11.33
Co-Operative Societies 10 0 10 3 10.3
Local Authority 10 0 10 3 10.3
TCS : Scrap
IT SC IT+Sur EC NET
Company <= 1 crore 1 0 1 3 1.03
Company > 1 crore 1 10 1.1 3 1.133
Firm <= 1 crore 1 0 1 3 1.03
Firm > 1 crore 1 10 1.1 3 1.133
Individual /HUF <= 10 lacs 1 0 1 3 1.03
Individual /HUF>10 lacs 1 10 1.1 3 1.133
Co-Operative Societies 1 0 1 3 1.03
Local Authority 1 0 1 3 1.03
TCS : Alcoholic Liquor for Human Consumption
IT SC IT+Sur EC NET
Company <= 1 crore 1 0 1 3 1.03
Company > 1 crore 1 10 1.1 3 1.133
Firm <= 1 crore 1 0 1 3 1.03
Firm > 1 crore 1 10 1.1 3 1.133
Individual /HUF <= 10 lacs 1 0 1 3 1.03
Individual /HUF>10 lacs 1 10 1.1 3 1.133
Co-Operative Societies 1 0 1 3 1.03
Local Authority 1 0 1 3 1.03
VAT- VALUE ADD TAX 1%, 4%, 12.5%
cst- 2%with cform otherwise at which tax u purchase
service tax -10% w.e.f.24/02/09
Is This Answer Correct ? | 19 Yes | 7 No |
Answer / hemant
Rate of TDS ON Contractor is : 2.255%( Max. Limit 20000/-)
Rate of TDS on Rent is 10% ( Max. Limit is 120000/-)etc.
Vat : 4+1=5,12.5 etc as per item
cst : 2% +education cess @3%
Service tax 10% +3 % education cess
Is This Answer Correct ? | 11 Yes | 5 No |
Answer / pawan kumar
1-latest rate tds on contractor 10%
2-tds rate on freight 20% if pan no. is availale than tds
rale will not be charge
3- service tax on freight 2.575%
cst= central sale tax
2% agaist C form without C form 4% 12.5%
Is This Answer Correct ? | 7 Yes | 1 No |
Answer / gopal krish
1) Tds Rates in India
a) Interest / other than interest on securities:
Banking - 10,000/p.a
Others - 5000/ P.a
IF Exceed the limit of above said value
HUF - 10%
FIRM - 10 %
b) Payment to Contractors:
Rs.10,000/ P.a
IF Exceed the limit of above said value
HUF - 1%
FIRM - 2%
c)Payment to Subcontractors:
Rs.30,000/ Per Contract or Rs.75000/ P.a
IF Exceed the limit of above said value
HUF - 1%
FIRM - 2%
d)Insurance Commission:
Rs.20,000/ P.a
IF Exceed the limit of above said value
HUF - 10%
FIRM - 10 %
e)Commission & Brokerage:
Rs.5,000/ P.a
IF Exceed the limit of above said value
HUF- 10%
FIRM - 10%
F)Rent For Land& Buildings:
Rs.1,80,000/ P.a
IF Exceed the limit of above said value
HUF - 10%
FIRM - 10%
G)Rent for Plant & Machinary:
Rs.1,80,000/ P.a
IF Exceed the limit of above said value
HUF - 2%
FIRM - 2%
H)Professional Fees/Technical Services:
Rs.30,000/ P.a
IF Exceed the limit of above said value
HUF- 10%
FIRM - 10%
=>VAT: Value Added Tax:
1%
4%
12.5%
=>CST: Central Sales Tax:For only Inter sales
2% against C form
4%
12.5%
=> Service Tax:
10% Rounded
Is This Answer Correct ? | 6 Yes | 0 No |
Dear Sir, i am doing excise part, now I have a dout Please clarify any one. my question is I submitted July month return in before 10th August. But we sold material in july to x party excise value 12% - 1000, 2% - 20 and 1% - 10 Rupees respectively, we paid this amount in the same month it's no problem sir. but now x party reject the material and invoice in september month. may i adjuste above paid amount in september month return? How can i adjuste and where can i metione this details in Excise return? please give answer it's help full for me. Advance thanks for every one reply.
IF XXX GOT AN ORDER FROM APTRANSCO AS WORKS CONTRACT NOW XXX PLACED AN ORDER TO YYY THAT TO SUPPLY 50% OF THE MATERIAL IN ORDER. NOW WHAT IS THE SALES TAX RATE HAVE TO CHARGE BY YYY TO XXX. NOW MY DOUGHT IS YYY IS NOT SUPPLING THE GOODS TO APTRANSCO, HE CANT CHARGE 4%, IF POSSIBLE PLEASE TELL ME THT HOW CAN HE .
Please tell me about service tax? And service tax latest rate?
30 Answers CDS Technologies, Decoplast, Goods Transport, Jay International, TATA, The Institute of Computer Accountants,
how to fill tds monthly form i.e. form 281?
V R MAKING COMMERCIAL CUM EXCISE INVOICE,THEN HOW INVOICE NUMBER CAN BE GIVEN COMBINDLY OF TAX INVOICE/RETAIL INVOICE AND EXCISE INVOICE.
How the dealer is paying Admitted Tax?
TDS return for salary form.
basic knowledge of accounting ?
if i use CST@12.5% for a registered dealer then i use surcharge @5% on CST@12.5%. it is right or wrong? plz suggest me
What is permanent account number (pan)?
DO anyone need TDS(tds is tax deducted at sources ) Software?Saral TDS is the software for electronic filing of TDS and TCS returns as per the provisions of Income Tax Act. With thousands of customers throughout India, It has been the proven best eTDS Solution for the eReturns. Saral TDS has also been known for being used by several Nationalized Bank Branches, Such as Indian Bank, Union Bank Of India, State bank of India, SBM, SBH, Vijaya Bank, Karnataka Bank and So On.. contact reka_raj_pmc@yahoo.com
please explain what is actually E-15 what is its process and also what its importance.