tds rate in sec.194c

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

12 August 2010 Sir
Tds rate payment in contractor 2.24% up to 1.10.2009 .what was surcharge rate up to 1.10.2009 payment in contractor .Surcharge rate are compulsery up to 1.10.2009.

CA. BIJENDER KR. BANSAL

CA. BIJENDER KR. BANSAL (Expert)
Follow

12 August 2010 Surcharge rate is 10& , it is on payment exceeding rs. 1 cr

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
Follow

12 August 2010 Before 1.10.2009
TDS rate was 2.266% and not 2.24%.
TDS 2%
SC 10%
CESS 3% ON TDS +SC

Upgrade to CAclubindia Pro. Subscribe Now!

CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
Follow

12 August 2010 For an individual, HUF, AOP or BOI and aggregate of payment or credit exceeds Rs. 10,00,000, > Surcharge was 10 %

For an artificial juridical person, a firm/domestic company and the aggregate payment or credit exceeds Rs. 1 crore. > Surcharge was 10 %

Just to correct : 2.24 % was not the rate before 1/10/09, it was 2.266 % (including surcharge @ 10 % & Education cess @ 3 %)