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what is tds? how this tds deducted? what is percentage?
how to calculate? what is the procesure?
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Answer Posted / prashant
TDS means tax Deduction at Source
If it is transporter when u pay the payment for the party u can deduct amount whichever is applicable (1%, 2% )if he don't have PAN
for Interest other than from banking co. is 10% commission of brokerage -10 % if above Rs. 2500 P.A Calculation is if u paid 20000 for rent so u can deduct 20000*10%=2000
profession charges 10 % if it is goes up to 20000 pa
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