tds on rent

This query is : Resolved 

20 April 2009 dear sir
i am receiving rent @12500/- per month for m ind. gala for 1 year . pl. let me know at what rate the payee will deduct the tds from his payment. is there any way i can avoid the tds deduction. pl. explain vhrc@rediffmail.com

20 April 2009 TDS is applicable as the payment exceed Rs. 1.20 Lakh pa.

If you are an company, Rate is 20.6%
Else, 15.45%

20 April 2009 Yes i agree with shyamlal

20 April 2009 Exactlyyyy


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