07 February 2008
IF THE RECEIPIENT IS NON CORPORATE ASSESSEE(INDIVIDUAL/HUF/BOI/AOP) AND IF THE PAYMENT OR CREDIT (SUBJECT TO TDS) DOES NOT EXCEED RS. 10,00,000/,RATE OF TDS IS 30.9%(INCL ED.CESS). IN THE ABOVE CASE IF THE PAYMENT OR CREDIT EXCEEDS RS 10 LAKHS THE IS 33.99%.
IF THE RECIPIENT IS NON DOMESTIC COMPANY(AMOUNT OF CREDIT OR PAYMENT DOES NOT EXECEED RS . ONE CR.) THE RATE WILL BE 41.2% AND 42.23% IF PAYMENT OR CREDIT EXCEEDS RS. ONE CRORE. R.V.RAO
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