deduction of TDS

TDS on interest will be deductable As per Sec 194A 

The rate applicable is 10%

The aggrigate amount paid does not exceed Rs.10,000/- then No TDS is Deductable

if payee is a domestic company, 20%

any other payee: 10%

please visit the following;

/forum/new-and-old-tds-provisions-71577.asp

DEAR ANUSHA...

THE RATE IS UNIFORM @ 10% FOR ALL ASSESSEE.........NO 20% NOW...

Originally posted by : shushantsinghal
	DEAR ANUSHA... THE RATE IS UNIFORM @ 10% FOR ALL ASSESSEE.........NO 20% NOW...

 u r right shushant.

perhaps i was not in knowledge of changes by finance act 2009 for tds rates, now i have to rectify myself on this aspect.

thanks

Yes for all assessees 10%