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What is rate of tds on rent?

What is rate of TDS on rent payment.?

  • Answer:

    Dear umesh, It is a very siple answer if you do not know it i am answering you- TDS rate on rent pay to Individual, HUF & others leave Partnership firm & Company will 15% IT + 10% Surcharges if total income excess 10,00,000 per annum + 2% education cess ( 3% education cess will applicable from 1st june 2007), In case of rent pay to any company or partnership firm then 20% IT + 10% Surcharges + 2% education cess ( 3% education cess will applicable from 1st june 2007) will applicable for Residence company and partership firm. If total rent payment will excess 1,20,000 per annum then will TDS applicable. 10% TDS will Applicable upon hire Equipment , Machinary etc. after 1 june 2007.

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15% on payment of rent and 3% education cesson TDS

nookesh d

30%

golgolbaat

The rates for TDS on rent are as follows 1. For companies,Firm,co-op Society 22.66% 2. For Individuals & HUF getting less than 10 lacs rent 15.45% 3. For Individuals & HUF getting more than 10 lacs rent 17% The rate given above are for FY 2007-08 & inclusive of Surcharge & Education Cess

q4tax

2% of rent plus 12% service tax on tax

nomoreiaminthisworld

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