about tds Details

This query is : Resolved 

04 November 2008 dear sir

Here is one contractor who is working our companies civil work.in which rate i will deduct tds

thank you with regards

N.RAMESH

04 November 2008 TDS Rate @2.06%

04 November 2008 If you are paying more than 10 lacs to an indl it wil be 2.266%....if ur paying to a company it wil be 2.266%...otherwise it wil be 2.06%


04 November 2008 Tax -2%
+
SC - 10%
+
(EC - 2%+SEC1%)

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Guest (Expert)
04 November 2008 it may be 2.06% or 2.266% depending on the total amount paid during the year, but as a precautionery measure deduct the TDS @ 2.266%.



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