what is TDS rate for rent paid to non resident individual
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want to know the TDS rate
Replies (10)
| Originally posted by :Shridhar Shetty | ||
| " | what is TDS rate for rent paid to non resident individual | " |
If the Reciever is HUF/Indiviual than 15% otherwise 20%.
| Originally posted by :Shridhar Shetty | ||
| " | what is TDS rate for rent paid to non resident individual | " |
SEE SEC>194I of it act ,1961and preiouus reply
Hi All
See the attached file for the TDS Rates for financial year 2008-09.
Cheers,
thanx for this chart
suhas
what is the applicaation for sub contractor
Thanks for this chart
Please refer sec 195 of the Income Tax Act.
| Originally posted by :Shridhar Shetty | ||
| " | what is TDS rate for rent paid to non resident individual | " |
The rate shall be maximum mariginal rate (i.e. 33.99%) or rate certified by C.A. (rate depending upon taxability "Tax-clearance certificate") or if any order issued under section 195 read with section 197 by A.O. (Tax Exemption Certificate)
| Rent | ||||
| Deductee type | IT | SC | EC | Net Rate |
| Threshold Limit - Rs. 120000 | Threshold Limit - Rs. 120000 | Threshold Limit - Rs. 120000 | Threshold Limit - Rs. 120000 | Threshold Limit - Rs. 120000 |
| Individual /HUF <= 10 lacs | 15 | 0 | 3 | 15.45 |
| Individual /HUF>10 lacs | 15 | 10 | 3 | 16.995 |
| Company <= 1 crore | 20 | 0 | 3 | 20.6 |
| Company > 1 crore | 20 | 10 | 3 | 22.66 |
| Firm <= 1 crore | 20 | 0 | 3 | 20.6 |
| Firm > 1 crore | 20 | 10 | 3 | 22.66 |
| Co-Operative Societies | 20 | 0 | 3 | 20.6 |
| Local Authority | 20 | 0 | 3 | 20.6 |
| Rent on Plant / Machinery Threshold Limit - Rs. 120000 | Rent on Plant / Machinery Threshold Limit - Rs. 120000 | Rent on Plant / Machinery Threshold Limit - Rs. 120000 | Rent on Plant / Machinery Threshold Limit - Rs. 120000 | Rent on Plant / Machinery Threshold Limit - Rs. 120000 |
| Individual /HUF <= 10 lacs | 10 | 0 | 3 | 10.3 |
| Individual /HUF>10 lacs | 10 | 10 | 3 | 11.33 |
| Company <= 1 crore | 10 | 0 | 3 | 10.3 |
| Company > 1 crore | 10 | 10 | 3 | 11.33 |
| Firm <= 1 crore | 10 | 0 | 3 | 10.3 |
| Firm > 1 crore | 10 | 10 | 3 | 11.33 |
| Co-Operative Societies | 10 | 0 | 3 | 10.3 |
| Local Authority | 10 | 0 | 3 | 10.3 |
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