(1) what is TDS
(2) what is the current Rate of TDS:
(A) payment of contarctor/subcontractor
(b) payment of professional charges
(c) payment of rent
(d) salary
Answer Posted / neeraj suryan
Section Catagary Rate
194 A Intrest from bank 10%
194 A Other intrest 10%
194 B Winning from lottries 30%
194 BB Winning from Hourse Race 30%
194 C Contractors,Transpoters 2%
194 D Insurance commission 10%
194 H Commision 10%
194 I Rent 10%
194 I Rent Plant/ Machinary 2%
194 J Professional Fee 10%
No Surcharge & Cess is applicable form 01.4.2009
For Transportor no TDS if PAN is available.
In case of income
Male Normal age
160001-500000 10%
500001-800000 20%
More than 800000 30%
Female
190001-500000 10%
500001-800000 20%
More than 8 lakh 30%
Senior Citizen (more than 65)
240001-500000 10%
500001-800000 20%
More than 8 lakh 30%
| Is This Answer Correct ? | 4 Yes | 0 No |
Post New Answer View All Answers
what is procedure of calculation of TDS by bank?
M paying salary of Rs. 22500/-, 21500/- & 17500/- to my employees, frm June 2010. I still have not deduct TDS from their salary. I have not applied for TAN No. M also paying rent of Rs. 50,000/- pm. And also have not deducted TDS on it. What should I do now?
what is the Difference between Compound Sales and Deemed Sales?
Deferred taxation is a part of which equity?
what is vat adjustmant?
procedure to get Raw Material free of excise duty under Central Excise Act,
in a company, if employee contributing To PF equal to employer contribution. can he voluntarily stop his contribution while he is in service with that company?
I have a plot at Visakhapatnam. I have entered into a contract with a builder which enables him to construct 10 flats on the plot and builder and myself will share 50:50 of the constructed area. i.e. builder will get 5 and i will get 5 flats. Builder is not paying me any other consideration apart from 5 flats. Kindly clarify as to whether any servive tax is applicable and payable by me ?- kgr varma
what difference in motvat & cenvat? and why this prepared?
IF ANY PROPRITER SAID THAT DON'T DEDUCT TDS OF HIM BECAUSE IT IS NOT PARTNERSHIP FIRM THEN WHAT SHOULD COMPANY DOES?
HOW CAN TAKE THE MAXIMUM GRAUITY (EX RS.3.5 LAC)
DEFINATION OF INCOME TAX , WEALTH TAX , INDIRECT TAX ,DITECT TAX , AND CORPORATE TAX ?
anybody pls tell me about the service tax
where is applicable WCT & what is limitation for applicable it on company.
Can it be prssible, If any person purchase Reliance life insurance policy with nepal residence address profe. If yes then who can deposit nepal curancy in indian branch.