Tds on professional fees
This query is : Resolved
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
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
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
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