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Hi,
For Payment under the head Contractor...the rate is 2.266% (If the receiver is a company) & its bifurcation is as under.
Tax Rate : 2.00
Add- Surcharge (10%) : 0.20
Add- Edu Cess (2%) : 0.044
Add - Sec Hig Edu (1%) : 0.022
THUS TOTAL RATE COMES TO 2.266%
Likewise the rates are same for Individuals & firms, except the thing that they are not charged with Surcharge of 10%
For Payment under the head Contractor...the rate is 2.266% (If the receiver is a company) & its bifurcation is as under.
Tax Rate : 2.00
Add- Surcharge (10%) : 0.20
Add- Edu Cess (2%) : 0.044
Add - Sec Hig Edu (1%) : 0.022
THUS TOTAL RATE COMES TO 2.266%
Likewise the rates are same for Individuals & firms, except the thing that they are not charged with Surcharge of 10%
Hi,
TDS - contract comes to 2.06% for this financial year.
Surcharge is applicable if that contract companies turnover is more than 10 lacs in the financial year. otherwise it is only the Tax - 2% and cess of 3% on the tax totally 2.06%
regards,
suneel.
From India , Bangalore
TDS - contract comes to 2.06% for this financial year.
Surcharge is applicable if that contract companies turnover is more than 10 lacs in the financial year. otherwise it is only the Tax - 2% and cess of 3% on the tax totally 2.06%
regards,
suneel.
From India , Bangalore
Hi All,
I am in new member.. plz send me all company details like TDS/FBT/VAT etc.. I am service in Pvt. Ltd. Co. as a executive accountant. I know all rules about income tax. But for updating purpose..
From India , Pune
I am in new member.. plz send me all company details like TDS/FBT/VAT etc.. I am service in Pvt. Ltd. Co. as a executive accountant. I know all rules about income tax. But for updating purpose..
From India , Pune
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#Listed In: tds calculation tds calculations tds deduction financial year City-India-Mumbai Country-India
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