17 May 2008
tds rate is 10%+ec+shec for brokerage interest on fd is 10%+ec+shec payments in excess of rs 5000/toindividual,huf,aop. boi & to firms & ajp 20%+ec+shec
17 May 2008
for asst. year 09-10,under sec 194H ,THE TDS ON COMMISSION OR BROKERAGE TO A RESIDENT IS @10 30%( FOR AGGREGATE PAYMENT BELOW RS.TEN LAKHS).INCL EDU.CESS. THE TDS RATE IS 11.33% FOR AGGREGATE PAYMENT ABOVE RS. 10 LAKHS. (INCL.S.C+EDU.CESS.). FOR INTEREST ON F.D(WHEN RECIPIENT IS OTHER THAN DOMESTIC CO.) , THE TDS RATE IS 10.3% WHEN INTEREST EXCEEDS RS. 10000/-P.A. (BELOW RS. 10 LAKHS AGGREGATE PAYMENT) FOR ABOVE RS. 10 LAKHS AGGREGATE PAYMENTS TDS RATE IS 11.33%. WHEN RECIPIENT IS DOMESTIC CO. INT. ON F.D ATTRACTS TDS @ @20.6% AND 22.66% RESPECTIVELY FOR BELOW AND ABOVE RS 10 LAKHS AGGREGATE PAYMENT. R.V.RAO
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