I am from a company
I am paying rent to an individual.
what is the % of Tds I shall deduct from the rent
Ramakrishna
(Financial Executive)
(438 Points)
Replied 14 September 2008
Hello Bagya Rekha!!
In your case, TDS to be recovered at 15% with surcharge and cess as applicable.
Surcharge would be applicable only when the aggregate annual rent payable exceeds Rs. 10 Lakhs. But Eductional Cess at 3% would be applicable in all the cases.
Good Bye!!
Giridhar.R
(Accountant)
(22 Points)
Replied 11 May 2010
hi all
can any1 tell me whether we need to deduct TDS on Service tax ?????
And there is a note given by vendor: TDS not applicable on service tax.
please suggest.
Regards
Giridhar