Answer Posted / p.v.rao

plz visit below site :-
http://www.saraltaxoffice.com/resources/tds-rates.php
else read it below for better clarity :-
Form 24Q:

Male Female Senior Citizen Tax (%)
For Income Between 0 to 1,60,000 For Income Between 0 to
1,90,000 For Income Between 0 to 2,40,000 0
For Income Between 1,60,001 to 5,00,000 For Income
Between 1,90,001 to 5,00,000 For Income Between 2,40,001
to 5,00,000 10
For Income Between 5,00,001 to 8,00,000 For Income
Between 5,00,001 to 8,00,000 For Income Between 5,00,001
to 8,00,000 20
For Income above 8,00,001 For Income above 8,00,001 For
Income above 8,00,001 30

Surcharge 0
Education Cess 3

Form 26Q:

Section Nature of Payment Status Tax (%)

193 Interest on Debentures & Securities 10
194 Deemed Dividend 10
194A Other Interest
> Aggregate sum exceeding Rs. 10,000 for Banking Co’s ,
etc.per person during the financial year.
> Aggregate sum exceeding Rs. 5,000 per person during the
financial year 10
194B Lottery/Crossword Puzzle > Rs.10,000 30
194BB Winnings from Horse Race > Rs. 5,000 30
194C Contracts to Transporter, who has provided a valid
PAN 0*
Contracts to Individuals/HUF 1
Contracts to others 2
194D Insurance Commission > Rs.20,000 10
194EE Withdrawal from NSS > Rs.2,500 20
194F Repurchase of Units by MF/UTI 20
194G Commission on Sale of Lottery Tickets > Rs.1,000 10
194H Commission or Brokerage > Rs.5,000 10
194I Rent > Rs.1,80,000 p. a.
Rent of Plant & Machinery 2
Rent of Land, Building, Furniture, etc 10
194J Professional or Technical Fess > Rs.30,000 10
194LA Compensation on Compulsory Acquisition of immovable
property >Rs.1,00,000 during the financial year 10
Surcharge 0
Education Cess 0

* If there is no PAN details, then it is 20%. (or at
actual, whichever is higher)

Form 27Q:

Section
Nature of Payment
Status
Tax (%)


194E Payment to nonresident sportsmen or sports
association 10
195(a) Income from foreign exchange assets payable to an
Indian citizen 20
195(b) Income by way of long-term capital gain referred to
in sec. 115E 10
195(c) Income by way of Short-term capital gains u/s.
111A 15
195(d) Income from other long-term capital gains 20
195(e) Income by way of interest payable by
Government/Indian concern on money borrowed or debt
incurred by Government or Indian concern in foreign
currency 20
195(f) Royalty payable by Government or an Indian concern
in pursuance of an agreement made by non-resident with the
Government or the Indian concern after March 31, 1976,
where such royalty is in consideration for the transfer of
all or any rights (including the granting of a licence) in
respect of copyright in any book on a subject referred to
in the first proviso to section 115A(1A) to the Indian
concern or in respect of computer software referred to in
the second proviso to section 115(1A), to a person resident
in India -
1.Where the agreement is made before June 1, 1997 30
2.Where the agreement is made after May 31, 1997 but before
June 1, 2005 20
3.Where the agreement is made on or after June 1, 2005 10
195(g) Royalty (not being royalty of the nature referred to
in (e) sub para) payable by Government or an Indian concern
in pursuance of an agreement made by non-resident with the
Government or the Indian concern and where such agreement
is with an Indian concern, the agreement is approved by the
Central Government or where it relates to matter included
in the industrial policy, the agreement is in accordance
with that policy
1.Where the agreement is made after March 31, 1961 but
before April 1, 1976 COMPANY 50
OTHERS 30
2.Where the agreement is made after March 31, 1976 but
before June 1, 1997 30
3.Where the agreement is made after May 31, 1997 but before
June 1, 1997 20
4.Where the agreement is made on or after June 1, 2005 10
195(h) Fee for technical services payable by Government or
an Indian concern in pursuance of an agreement made by non-
resident with the Government or the Indian concern and
where such agreement is with an Indian concern, the
agreement is approved by the Central Government or where it
relates to matter included in the industrial policy, the
agreement is in accordance with the policy -
1.Where the agreement is made after February 29, 1964 but
before April 1, 1976 COMPANY 50
OTHERS 30
2.Where the agreement is made after March 31, 1976 but
before June 1, 1997 30
3.Where the agreement is made after May 31, 1997 but before
June 1, 2005 20
4.Where the agreement is made on or after June 1, 2005 10
195(i) Any other income COMPANY 40
OTHERS 30
196A Income in respect of Units of Non-residents 20
196B Income and Long-term Capital gain from units of an Off
shore fund 10
196C Income and Long-term Capital Gain from Foreign
Currency Bonds or shares of indian companies 10
196D Income of Foreign Institutional Investors for
Securities 20
Surcharge ( On Tax) Applicable for Foreign Companies if
payment/credit exceeds Rs.1 crore of such companies 2.5
Education Cess on Tax deducted Plus Surcharge 3

Form 27EQ:

Collection Code
Nature of Purchase
Tax (%)

6CA Alcoholic liquor for human consumption 1
6CB Timber obtained under a forest lease 2.5
6CC Timber obtained under any mode other than forest lease
2.5
6CD Any other forest product not being timber or tendu
leave 2.5
6CE Scrap 1
6CF Parking Lot 2
6CG Toll plaza 2
6CH Mining and quarrying 2
6CI Tendu leaves 5
Surcharge
(On Tax) Applicable for Foreign Companies if collections
exceeds Rs.1 crore of such companies 2.5
Education Cess Applicable for Foreign Companies 3

Sir, We purchased coal from NCL on CST basis. An incentive is paid on the basis of performance basis of NCL. NCL Raise there incentive bill for Rs. 1000+CST2% Rs.20 Total Rs. 1020/-. But As per Our Calculation, Incentive bill should be Rs. Basic 900+18 (CST)total Rs. 918. We argue and disputed and paid only Rs. 918/- . After Some time they also agree that incentive amount should be Rs. 900+CST but Now they revised the bill like this Basic Incentive Rs. 900+CST Rs.20/- (Original Tax value). And now they are demanding C for with CST 20/- but our pleas is that we are not liable for the mistakes made by the NCL and will issue C for for Rs. 18 Only. Now They are demanding C for for difference of Rs. 2 of CST. My Question is what should be the actually value of C form for CST ie. Rs. 18 or 20. considering the fact that we accounted only rs. 918/- in books and disputed is resolved after one year for basic value.

1918

---

1. Defination of Contractor & sub contractor 2. In cash method of accounting can we claim TDS deducted on Advance Recevied from contractee.

2254

---

I raised a service tax invoice against a client on which i charged service tax and without receiving any sum from client a deposited service tax on good faith but now client refuses to pay sum . so please, tell me what should i do.

2285

---

what will be my tax if i suddenly got 800000 to 1000000 in my bank by chq from sale of an old house?

3874

---

how we can access the Tax Deduction through PAN ?.

1983

---

how to calculate of FBT with example & what is Rate

2473

---

Whether We can Get the Refund of Service Tax Paid Wrongly to the department.We are not suppose to pay the tax and we knew after that we can adjust that servies tax what we have collected from our client aganst services received from our suppliers.

5408

---

what is the rule of TDS Deduction for Pvt Ltd Company ??? And What rule of not TDS Deduct for PVT LTD company ???

2068

---

What do you mean by fair rent?

1197

---

A Old Government Job retired Personnel who is getting his Pension amount@Rs.11000/- per month. He has put his retirement Fund in Bank Deposit for 1 year. No Bank is deducted TDS on that amount. Do we have any way by which his TDS can be refunded or saved

2386

---

What is tha Central sales tax rate 2010 in andhrapradesh

3160

---

I wanted to know about the taxes in haryana on Software Licenses ( Paper licenses). what is the % of service tax and VAT. and the both the taxes is charged on Base Amount or service tax is charged first and then VAT is calulated on the amount with Service TAX?

2218

---

if a person is investing rs.100 per month for 11 months of a year,how much ammount of annuity he will be paid at the end of year?

1909

---

While I prepare Form JJ for goods transfer I made a mistake that the value of goods is morethan the actual value(i.e. instead of Rs.92100/- I filed Rs.1354000/-)and the copy of JJ sheet is sealed in the checkpost one copy is taken in the checkpost. please anybody give me the exact solution. thanks

2508

---

i paid tds through my bank account but i entered the assessment year as 2010-11(the current year) instead of 2011-12(actual assessment year). what is the remedy for this. how do i get refund for the wrongly paid sum. or is there any way to currect the assessment year?

2172

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