Sir,
We pay the taxi hire charges Rs. 22500, Rs.25000 and Rs. 27000 every month. Tell me the amount of TDS to be deducted from these amount respectively.
Pardeep Kumar
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TDS
Replies (3)
Rate of TDS willbe 2.06%, so the amount of TDS willbe Rs. 464, Rs. 515 and Rs. 556 respectively
it is a case of section 194I so that TDS will be deducted @ 10%
TDS Shall be deducted u/s 194 I for Rs. 2318, Rs. 2575 & Rs. 2781 per month respectively.
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