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What is tax deduction rate on professional services and rent ?

April 26, 2017Business Finance professional rate rent Services tax deduction taxes United

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What is tax deduction rate on professional services and rent ?

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For professional services u/s 194J Rate is 10.3% for Individuals Professional fee is less than Rs.10 lakhs for others less than Rs.1 Crore Rate 11.33% for Individuals Professional fee is more than Rs.10 lakhs for others more than Rs.1 Crore For Rent u/s 194 I Individuals 15.45% (less than 10 lakhs) 16.995% (More than 10 lakhs) Others 20.6% (less than 1 Crore) Salary arises only if there is employer-employee relationship exists. Else professional fee only You have to deposit within 7th of the following month You have to file return before 15th of the following month to quarter ended date (e.