Please tell me about TDS, VAT, CST, Service tax with latest
rate?
Answer Posted / sarvendra singh
Latest Tds Rates are under below-
Rent
194I -furniture & plant 2%
194I - building 10%
Exemption Limit- 180000 p.a
Legal & profession
194J 10%
Exemption Limit-30000 p.a
interest on other then securities
194A- 10%
Exemption limit. (10000/-p.a for banking & 5000/- p.a others)
Contractor
194C- 2% Company
194C- 10% Other then company
Exemption Limit- 30000/- per bill & 75000/- p.a
Commission on brokerage
194H- 10%
Exemption limit- 5000/- p.a
VAT RATE
VAT- 1% (Gold, silver & ornament)
VAT- 5% (Necessary item food product etc.)
VAT-12.5% (electronic item like ac, freeze,tv, car, etc.
VAT-20% ( Petrol, Diesel and other petrolieum things etc.)
CST-2% (purchase against c form)
SERVICE TAX
Service tax rate are 12.36% (applicable from 01-04-2012 to
onword)
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