What is the rate of TDS (Tax deducted at source in India at present?

Answer 1

12.2%

Answer 2

It is different for different items: Salary, Contractor, Professionals, Office Rent paid, services. For example,
on the salary, first of all figure out what will be the total salary for the year. Then what will be the total tax. Then deduct proportionately.
On office Rent, the TDS rate is 20.6% (total).

Answer 3

No TDS on components made yet TDS to be deducted on centers area . in case you have quoted for a young for grant and fixing then provide separate expenses for grant and for fixing (provider)

Answer 4

1. The rate of deduction of tax at source w.e.f. 1st April, 2007 are as under :
(i). Payment to Contractors
Tax : 2%
Surcharge : 10% of Tax
Education Cess : 3% of tax and surcharge.

Hence over all rate will be 2.266% if surcharge is applicable otherwise the rate will be 2.06%.

(ii). Payment to Sub-Contractor
Tax : 1%
Surcharge : 10% of Tax
Education Cess : 3% of Tax & surcharge
Hence over all rate will be 1.133%, if surcharge is applicable and otherwise it will be 1.03%.

(iii). Payment of interest
A. If paid to a person other than a company
Tax : 10%
Surcharge : 10% of tax
Education Cess : 3% of Tax & Surcharge
Overall TDS rate : 11.33% if surcharge is applicable and otherwise 10.30%.

B. If paid to a company
Tax : 20%
Surcharge : 10% of Tax
Education Cess : 3% of tax and surcharge
Overall TDS rule : 22.66% if surcharge is applicable and otherwise 20.60%.

(iv). Payment for Professional/Technical Services/Commission/ Brokerage
From 01.04.2007 to 31.05.2007
From 01.06.2007 onwards
Tax Rate 5%
Tax Rate 10%
Surcharge 10%
Surcharge 10% Tax
Education Cess 3% of the Surcharge
Education Cess : 3% of Tax & Surcharge
Overall TDS Rate 5.665% if surcharge is applicable otherwise 5.15%
Overall TDS rate 11.33% if surcharge is applicable, otherwise 10.30%

(v). Payment of Rent for Land and Building
A. If paid to an individual or HUF
Tax Rate : 15%
Surcharge : 10% of Tax
Education Cess : 3% of tax & surcharge
Overall TDS rate : 16.995% if surcharge is applicable otherwise
15.45%

B. If paid to a person other than individual or HUF
Tax Rate : 20%
Surcharge : 10% of Tax
Education Cess : 3% of Tax & Surcharge
Overall TDS Rate : 22.66% if surcharge is applicable
otherwise 20.60%

(vi). Payment of Rent for Plant and Machinery
From 01.04.2007 to 31.05.2007
From 01.06.2007 onwards
Tax Rate: 15% if paid to individual or HUF
: 20% if paid to a person other than Individual and HUF
Tax Rate : 10% for all
Surcharge :10%
Surcharge 10% Tax
Education Cess : 3% of Tax and Surcharge
Education Cess : 3% of Tax & Surcharge

Overall TDS Rate :16.995% or 22.66% if surcharge is applicable otherwise 15.45% or is 20.60%
Overall TDS rate 11.66% if surcharge is applicable, otherwise 10.30%