TDS

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Vipul (Querist)
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06 December 2010 TDS on interest other than interest on securities is 10% if interest payment is in excess of Rs. 5000/-. If I am making payment of interest Rs. 10,000/- than on what amount TDS will come ? On 10,000 entire or only on 5000/- ?

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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06 December 2010 On Entire amount of Rs 10000/-.
Under any section if threshold limit is crossed TDS to be deducted on entire amount.

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CA.ViVeK M ACA

CA.ViVeK M ACA (Expert)
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06 December 2010 TDS required to be deducted on the Full value of Rs 10,000/-

Rs 5000/- is the threashold limit and suppose the payment is 5001, then you are required to calcultate the TDS on 5001/-