tds

This query is : Resolved

Report Abuse Follow Query Ask a Query

mathuri

mathuri (Querist)
Follow

25 June 2009 what is the final rate of tds rate for the payment made to contractors

Guest

Guest (Expert)

02 July 2009 If the contractor (194C) have :-
1). Company where total payment upto Rs.1 Crore 2.060%
2). Company where total payment exceed Rs. 1 Crore 2.266%
3). Individual, HUF where total payment upto 10 lacs and Firm where total payment upto Rs.1 Crore or Co-Op society or Local authority @ 2.060%
4). Individual, HUF where total payment exceeds 10 lacs and Firm where total payment exceeds Rs.1 Crore or Co-Op society or Local authority @ 2.266%