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Rate of work contract tax

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(Querist)
05 December 2009 what is the rate of work contract tax in case of work contract?
Is there is any composition scheme?

ans as soon as possible
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
05 December 2009 1) Under Income tax act,1961: -
Tax is to be deducted u/s 194C @ 1% for individuals/HUF and @ 2% for others.

2)Under service tax act:-
a) 10.3% at normal rate.
b) 4.12% at compounded rate.

3) VAT Act:-
In the State of Kerala
a) 12.5% at normal rate.
b) 3.03% at compounded rate.

N.B:- VAT rates of your state may verified.
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