TDS clarification for Small Companies

Ketan (Services ) (120 Points)

20 July 2009  

As for the New TDS rates Im confused on 2 grounds....

1) Heard that Cess nd E.c remains for Small companies deducting TDS 

2)Earlier there were different charts for Co. with payment > 1 cror / Payments < 1 cror

 
Individual / HUF  & Firm with Payment upto 1 crore 
& 
Individual / HUF  & Firm with Payment above 1 crore
 
Has these brackets gone??? 
 
as per your chart its for Individuals / HUF & Other  Entity... 
 
Does it mean that If a small co. below 1 crore is deducting TDS of another Co. than it is 20%???
 
Kindly clarify.......