TDS RATES

 
 
Financial Year 2010-2011 W-E-F 1-7-2010 

Sec

Nature of payment

Existing threshold

In Rs.

Proposed Threshold

In Rs.

194B

Winning from Lottery & crossword puzzles

5,000

10,000

194BB

Winnings from Horse Race

2,500

5,000

194C

Payment to Contractors

20,000 [for single transaction]

30,000

194C

50,000

[for aggregate transactions]

75,000

194D

Insurance Commission

5,000

20,000

194H

Commission or brokerage

2,500

5,000

194I

Rent

1,20,000

1,80,000

194J

Fess for professional or technical services

20,000

30,000

 
 
 
 
 
 
 
 
 
 
 
 
 
 

TDS Rate Chart
Assessment Year : 2010-2011 Financial Year : 2009-2010
 
Particulars
Individual / HUF
Domestic Company / Firm
Criteria for Deduction
 
Nature of Payments
Section Code
Rate
Rate
 
1. Salary
192
As per the prescribe rates applicable to Individual / Women & Senior Citizens
2. Interest other than Interest on Securities
194A
10
10
Payment in excess of
Rs 5,000/- p.a.
3. Winning from Lotteries & Puzzles
194B
30
30
 
4. Payment to Contractors
194C
1a
2
Payment in excess of
Rs 20,000/- per contract or Rs. 50,000/- p.a.
4.1 Payment to Adverting / Sub Contractors
194C
1b
2b
5. Insurance Commision
194D
10
10
 
6. Commision & Brokerage
194H
10
10
Payment in excess of
Rs 2,500/- p.a.
7. Rent - Land & Building
194I
10c
10d
Payment in excess of
Rs 1,20,000/- p.a.
7.1 Rent - Plant & Machinery
194I
2e
2e
8. Professional Fees & Technical Services
194J
10
10
Payment in excess of
Rs 20,000/- p.a.
Please note that
1. Surcharge is only applicable in case of payment to foreign company when payment is more than 1 crore.
2. Education cess is applicable only in case of Salary TDS and in case of payment to non-resident or foreign company.

a. Before 01-10-2009 IT - 2
b. Before 01-10-2009 IT - 1
c. Before 01-10-2009 IT - 15
d. Before 01-10-2009 IT - 20
e. Before 01-10-2009 IT - 10


* The nil rate will be applicable if the transporter quotes his PAN. If PAN is not quoted the rate will be 1% for an individual/ HUF transporter and 2% for other transporters upto 31.3.2010

** The rate of TDS will be 20 per cent in all cases, if PAN is not quoted by the deductee w.e.f. 1.04.2010

No surcharge and cess is to be added from 01.04.2009 on tax deducted on non-salary payments made to resident taxpayers. It means that surcharges & cess is not be included in basic TDS rates various situation are tabulated in table given below
 
 
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Subpages (1): TDS RATES (A Y 2012-13)
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