tds rate in sec.194c


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Querist : Anonymous

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Querist : Anonymous (Querist)
12 August 2010 Sir
Tds rate payment in contractor 2.24% up to 1.10.2009 .what was surcharge rate up to 1.10.2009 payment in contractor .Surcharge rate are compulsery up to 1.10.2009.

12 August 2010 Surcharge rate is 10& , it is on payment exceeding rs. 1 cr

12 August 2010 Before 1.10.2009
TDS rate was 2.266% and not 2.24%.
TDS 2%
SC 10%
CESS 3% ON TDS +SC

12 August 2010 For an individual, HUF, AOP or BOI and aggregate of payment or credit exceeds Rs. 10,00,000, > Surcharge was 10 %


For an artificial juridical person, a firm/domestic company and the aggregate payment or credit exceeds Rs. 1 crore. > Surcharge was 10 %

Just to correct : 2.24 % was not the rate before 1/10/09, it was 2.266 % (including surcharge @ 10 % & Education cess @ 3 %)


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