TDS on Rent of commercial Property
This query is : Resolved
Deepak Bhayani
(Querist)
12 September 2009
Can someone tell me that at what rate bank can deduct TDS from my rent as I am indivisual.
Bank is still deducting 16.995% TDS in current year whether is legal
Bank is still deducting 16.995% TDS in current year whether is legal
12 September 2009
For the f.y. 08-09:
TDS rate on rent:
Tax 15%
Surcharge @ 10% (if aggregate amt exceeds rs.10 lakhs)
Education cess @ 3%
For the f.y. 09-10 (upto 30/09/09):
TDS rate on rent:
Tax 15%
No surcharge and education cess.
For the f.y. 09-10 (from 01/10/09):
TDS rate on rent:
Tax 10%
No surcharge and education cess.
TDS rate on rent:
Tax 15%
Surcharge @ 10% (if aggregate amt exceeds rs.10 lakhs)
Education cess @ 3%
For the f.y. 09-10 (upto 30/09/09):
TDS rate on rent:
Tax 15%
No surcharge and education cess.
For the f.y. 09-10 (from 01/10/09):
TDS rate on rent:
Tax 10%
No surcharge and education cess.
Aditya Maheshwari
(Expert)
12 September 2009
w. e. f. 01.10.2009 -10%
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