A charted accountant has submitted a bill towards his
professinal fees of Rs.330900.00 which includes service tax
of Rs.30000, Edu cess Rs.600.00 and shec of Rs.300.00.
Please suggest me how much TDS we will deduct from this
bill.
Answer Posted / h.r. sreepada bhagi
Since these rates are bound to change from time to time,
refer the latest Income Tax Reckoner or find rates through
internet sites (IT Dept. Website also)W.e.f. 01.10.09, there
was an amendment on E Cess & SHE Cess & w.e.f 1st July, 2010
threshold limits for some incomes for TDS are likely to
change as per the budget proposals once it's approved.
It's always to better to access the latest authentic source
for such information. Sources are - Tax Consultants,
Auditors, Concerned Govt. Depts., Related Books/Reckoners,
or offical website of the concerned dept. of any other
service providing site.
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