TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Direct Taxes Code Bill, 2009: Tax Deduction Rates Set for Salaries, Services, Rent, and More in Third Schedule</h1> The Third Schedule of the Direct Taxes Code Bill, 2009, outlines rates for tax deduction at source for resident deductees. Salary payments are taxed at the average income tax rate for the financial year. Payments for works, service contracts, advertising, and transport (excluding railways) are taxed at 1%. Interest, dividends (excluding those with dividend distribution tax), commissions, professional fees, royalties, non-compete fees, and compensation for compulsory acquisition of non-agricultural immovable property are taxed at 10%. Rent for machinery use is taxed at 1%, while rent for land or buildings is 10%. Lottery and game winnings are taxed at 30%. Other income is taxed at 10%.
TaxTMI 
TaxTMI 
