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