TDS on works contact bill

This query is : Resolved 

06 December 2008 whether TDS on works contract bill will be deducted @ 2% or 2.266%

06 December 2008 For a full understanding of the provisions pl visit www.incometaxindia.gov.in > Tax laws and rules > act > Incometax act > chapter XVII > 194C.

06 December 2008 if the payment is to be made an individual and payment or amount credited is below 10Lakh, then the rate is 2.06% and if more than 10 Lakh then rate is 2.26%.

For other cases pls see the at above website for full details.


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