I want to know that how TDS is calculated on various services and at what rates?

Question

I want to know all the things about tds how it should be calculated send me the list of useful web-sites related to this
itz urgent plz help me

Answer 1

TDS in service sector is of two types.

For main contractor : 5.5 percent
For sub contractor : 2.25 percent.

Answer 2

in India, TDS (i.e Tax Deduction at Source) is the amount of pre-calculated incometax deducted at source i.e where a salaried tax payer serves. All catagories of tax payer require tax deduction at source and all tax payers are liable to deduct incometax in advance on t he assigned dates throughout the "previous" year. T.D.S must be made by the employer, otherwise he will be punished under Indian laws. TDS and all are explained in the govt of india official incometax-deptt site: www.incometaxindia.gov.in. For salaried section there is one easily understandable good book "Nabhi's incometax guidelines & Mini Ready Reckoner" available in good book stores of your town (India). You can go through it to get your answers. Taxmann also publishes books on incometax. Both the site and the book will help you even to calculate your tax if you can spare your time for that. There is an income-tax department hand book " Handbook for Taxpayers", available in incometax offices from which tax payers can get valuable informations. In all cases you need the income year or assessment year for which you require information, since rules are changing every year.

Answer 3

TDS means tax deducted at Source. There are different rates for different Services....

TDS has be deducted from any payment of interest, advertising contract, transport contract, salaries etc. etc. and the list goes on and on....

better refer to IT book or consult your CA for expert opinion...

Answer 4

Tds rate chart for financial year 2006-07 was available in the following link.Pls make printout this in the following link.
http://www.tdspac.com/Resources/TdsPac_RateCard_0607.pdf

Answer 5

TDS in service sector is of two types.

For main contractor : 5.5 percent
For sub contractor : 2.25 percent

Answer 6

basically in private sector TDS is calculated only when the amount increases than 20,000 and that to is 5.1% for professional(individual), for contractors 2.24%, for rent 20%.

Answer 7

at first Vat is charged on sale and there will be no TDS on sale. service tax would be charged on service provided and Tds would be charged on service charged quantity. Now got here on your question first fee Vat on sale quantity then service fee quantity and quotes service tax on service charged quantity and deduct TDS on entire quantity i.e. (service fee quantity + service tax quantity). additionally verify what style service you're offering(service catagory as according to Tds applicability)..

Answer 8

try this:

WWW.tdspac.com

u r problem now solved.....

all the best..