ours is a engineering consultancy company. we have raised a invoice of Rs 865000 including service tax @ 10.30%. please tell me the tds rate for this amount.
please send me the latest amendment of tds rates for companies with documentary proof of income tax india deptt.
pardeep kaushik
| NEW TDS RATES FROM 01.10.2009 PASSED IN FINANCE ACT(2) 2009 PASSED ON 19.08.2009 | ||||||||
| Particulars | Rates in % | |||||||
| Section | Nature of Payment | Criteria for Deduction (payment in excess of) | Payment to Individual. Or HUF | payment to other | ||||
| 194A | Interest from a Banking Company | Rs. 10,000/- p.a | 10.00 | |||||
| 194A | Interest other than from a Banking Co. | Rs. 5,000/- p.a | 10.00 | |||||
| 194C | Contractors, (Advertising Contracts) & payment to sub-contrctor | Rs.20,000/- per contract or Rs. 50,000/- p.a | 1.00 | 1.00 | ||||
| 194C | Contractors & CF Agents (Others) | Rs.20,000/- per contract or Rs. 50,000/- p.a | 2.00 | 2.00 | ||||
| 194H | Commission or Brokerage | Rs. 2,500/- p.a | 10.00 | 10.00 | ||||
| 194I | Rent other than Plant, Mach.& Eqp. | Rs. 1,20,000/- p.a | 15.00 | 20.00 | ||||
| 194I | Rent of Plant , Machinery & Equipments | Rs. 1,20,000/- p.a | 10.00 | 10.00 | ||||
| 194J | Professional Charges | Rs.20,000/-p.a | 10.00 | 10.00 | ||||
| No surcharge and cess is to be added from 01.04.2009 on tax deducted on non-salary payments made to resident taxpayers.Various situation according to status of deductee has been given in table below | ||||||||
regards,
ratan
CAclubindia
