Tds on professional fees

This query is : Resolved

Mehul Chudasama (Querist)
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05 December 2014 How much tds to be deducted if we make payment of professional fees to UK company for AY 2015-16 and under which section

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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06 December 2014 1. TDS will be deducted u/s 195.

2. Rates:
Payment to non domestic company:
Rs 1 crore or less - 40% + 3% cess
More than 1 crore but less than 10 crore - 40% + 2% surcharge + 3% cess
More than 10 crore - 40% + 5% surcharge + 3% cess

Payment to any other person:
Rs 1 crore or less - 30% + 3% cess
More than 1 crore - 30% + 10% surcharge + 3% cess