TDS RATES

TDS 791 views 6 replies

I want to Know that if the payee has cerificate of tax  deduction at source at rate which is lower than the rates prescribed wef from 1.10.09 . at what rate should be deduct tax .  for eg in case of rent paid the new rate of TDS is 10% and in the certificate issued to the vendor by Income tax dept states 5% ( incl SC or cess ) or 5% + Surcharge and cess then at what rate should be deduct tax. Also surcharge and cess is abolished even if we deduct at 5%  then should be account for surcharge and cess. Please help a bit urgent...

Replies (6)

i think so we dedut TDS at excluding surcharge and cess rate

i think so we dedut TDS at excluding surcharge and cess rate

If it is mentioned that 5% including SC and EC then deduct @ 4.85%.

If it Is mentioned that 5% + SC+EC then deduct @ 5%.

You should deduct excluding surcharge

dear friend,

pls see the attachment file for details

ravi

Originally posted by :Ravikumar.S
" dear friend,
pls see the attachment file for details
ravi
"


 


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