rate of income tax
This query is : Resolved
anil Srivastava
(Querist)
26 August 2009
if a contract amount is 190000.00.which rate income tax will be deducted.what is criteria of surcharge in income tax..
Shyam Lal Naik
(Expert)
27 August 2009
Provisions as on date :
For Contract 2%, for sub contract 1%
Provisions wef 01.10.09
If the contractee is indivisual / huf 1%
in any other case 2%
wef 01.04.08, no surcharge, except contractor/sub contractor is non resident.
For Contract 2%, for sub contract 1%
Provisions wef 01.10.09
If the contractee is indivisual / huf 1%
in any other case 2%
wef 01.04.08, no surcharge, except contractor/sub contractor is non resident.
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