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rate of income tax

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(Querist)
26 August 2009 if a contract amount is 190000.00.which rate income tax will be deducted.what is criteria of surcharge in income tax..
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Shyam Lal Naik

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Shyam Lal Naik (Expert)
27 August 2009 Provisions as on date :
For Contract 2%, for sub contract 1%

Provisions wef 01.10.09
If the contractee is indivisual / huf 1%
in any other case 2%

wef 01.04.08, no surcharge, except contractor/sub contractor is non resident.

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