Tds

This query is : Resolved 

28 December 2011 WHAT IS THE RATE OF TDS FOR
1 INTEREST COMPANY
2 INTEREST NON COMPANY
3 COMMISSION CO
4 COMMISSION NON COM
5 CONTRACTOR CO
6 CONTRACTOR NON CO.
7 PROFESSIONAL FEE COM
8 PROFESSIONAL FEE NON COM
9 RENT COMPANY
10 RENT NON COMPANY
11 WAGES & SALARY

WHAT IS MAXIMUM LITI OF ALL ABOVE

WHAT IS THE PENALTY FOR LATE PAYMENT OF TDS.

WHAT IS DIFFERENCE BETWEEN TDS AND TCS????????????

PLZ REPLY AT sheladiya.shailesh@yahoo.in
THANKS IN ADVANCE

30 December 2011 1. Interest TDS rate 10% for both companies and non companies. The maximum limit is rs.5000
2. Commission TDS rate 10% For companies and non companies. The maximum limit is Rs.5000
3.Contract TDS rate 2% for company, firm etc and 1% for Individual and HUF. Limit is Rs.30000 for single contract and 75000 aggregate payment during the year.

4.Professional Fee TDS rate is 10% For companies and non companies. The maximum limit is Rs.30,000

5. Rent TDS rate is 10% For companies and non companies in the case of letting out of property and 2% letting out of plant and machinery. The maximum limit is Rs.1,80,000


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