Avail 50% discount on all subjects for Nov batch(access till Nov 20th). Use coupon code Nov14.

×

Please Wait ..

Sign-in to your account


Username:
Password:

Remember Me

Forgot your password?

Sign-up now



Join CAclubindia.com and Share your Knowledge. Registered members get a chance to interact at Forum, Ask Query, Comment etc.


Discussion > Income Tax > TDS >

Post budget-2012 : tds / tcs rates for f. y. 2012-13

    Post New Topic
Pages : 1





MBA (Finance) B.Com.(P)


[ Scorecard : 3367]
Posted On 20 March 2012 at 12:36 Report Abuse

POST UNION BUDGET 2012-13 TDS / TCS  RATES FOR FINANCIAL YEAR  2012-13 AND ASSESSMENT YEAR 2013-14)

SL. NO.

SECTION

NATURE OF PAYMENT

THRESHOLD LIMIT

RATE %

1ST APRIL,2012

1ST JULY, .2012

H.U.F./ INDIVIDUAL

OTHERS

1

192

SALARIES

SALARY INCOME MUST BE MORE THEN EXEMPTION LIMIT AFTER DEDUCTIONS.

AVERAGE RATE

2

193

INTEREST ON DEBENTURES

2500

5000

10

10

3

194

DEEMED DIVIDEND

-

-

10

10

4

194A

INTEREST OTHER THAN INT ON SECURITIES (BY BANK)

10000

10000

10

10

4A

194A

INTEREST OTHER THAN INT. ON SECURITIES (BY OTHERS)

5000

5000

10

10

5

194B

LOTTERY / CROSS WORD PUZZLE

10000

10000

30

30

6

194BB

WINNINGS FROM HORSE RACE

5000

5000

30

30

7

194C(1)

CONTRACTS

30000

30000

1

2

8

194C(2)

SUB-CONTRACTS/ ADVERTISEMENTS

30000

30000

1

2

9

194D

INSURANCE COMMISSION

20000

20000

10

10

10

194EE

PAYMENTSOUT OF DEPOSITS UNDER NSS

2500

2500

20

-

11

194F

REPURCHASE OF UNITS BY MF/UTI

1000

1000

20

20

12

194G

COMMISSION ON SALE OF LOTTERY TICKETS

1000

1000

10

10

13

194H

COMMISSION OR BROKERAGE

5000

5000

10

10

14

194I

RENT (LAND & BUILDING)

180000

180000

10

10

RENT (P & M , EQUIPMENT, FURNITURE & FITTINGS)

180000

180000

2

2

15

194J

PROFESSIONAL/TECHNICAL CHARGES/ROYALTY & NON-COMPETE FEES

30000

30000

10

10

16

194J(1)(BA) 

ANY REMUNERATION OR COMMISSION PAID TO DIRECTOR OF THE COMPANY(EFFECTIVE FROM 1 JULY 2012)

NA

NIL

10

10

17

194LA

COMPENSATION ON ACQUISITION OF IMMOVABLE PROPERTY

100000

200000

10

10

18

194LLA

PAYMENT ON TRANSFER OF CERTAIN IMMOVABLE PROPERTY OTHER THAN AGRICULTURAL LAND (APPLICABLE ONLY IF AMOUNT EXCEEDS : (A) INR 50 LAKHS IN CASE SUCH PROPERTY IS SITUATED IN A SPECIFIED URBAN AGGLOMERATION; OR(B) INR 20 LAKHS IN CASE SUCH PROPERTY IS SITUATED IN ANY OTHER AREA) (EFFECTIVE FROM 1 OCTOBER 2012)

NA

(A) RS. 50 LAKHS IN CASE SUCH PROPERTY IS SITUATED IN A SPECIFIED URBAN AGGLOMERATION; OR(B) RS. 20 LAKHS IN CASE SUCH PROPERTY IS SITUATED IN ANY OTHER AREA) (EFFECTIVE FROM 1ST OCTOBER 2012)

1

1

 

 

 

TCS RATES FOR THE FY 2012-13

THE TAX COLLECTION AT SOURCE RATES FOR THE FINANCIAL YEAR 2013-13 IS TABULATED BELOW:

SL.NO.

NATURE OF GOODS

RATES %

1ST APRIL,2012

1ST JULY, .2012

1.

ALCOHOLIC LIQUOR FOR HUMAN CONSUMPTION

1

1

2.

TENDU LEAVES

5

5

3.

TIMBER OBTAINED UNDER FOREST LEASE

2.5

2.5

4.

TIMBER OBTAINED BY ANY MODE OTHER THAN A FOREST LEASE

2.5

2.5

5.

ANY OTHER FOREST PRODUCE NOT BEING TIMBER OR TENDU LEAVES

2.5

2.5

6.

SCRAP

1

1

7.

PARKING LOT

2

2

8.

TOLL PLAZA

2

2

9.

MINING & QUARRYING

2

2

10

MINERALS, BEING COAL OR LIGNITE OR IRON ORE 

NA

1

11

BULLION OR JEWELLERY (IF THE SALE CONSIDERATION IS PAID IN CASH EXCEEDING INR 2 LAKHS) 

NA

1

 

 

EDUCATION CESS & SURCHARGE

  • NIL IN CASE OF PAYMENTS TO RESIDENT (PAYMENTS OTHER THAN SALARY)
  • TOTAL 3% (2% EDUCATION CESS + 1 % S& H EDUCATION CESS) IN CASE OF  PAYMENTS TOWARDS SALARIES
  • TOTAL 3% (2% EDUCATION CESS + 1 % S& H EDUCATION CESS) IN CASE OF  PAYMENTS TO NON-RESIDENTS AND FOREIGN COMPANY

<>·SURCHARGE ON INCOME-TAX IS NOT APPLICABLE IN CASE OF PAYMENTS TO INDIVIDUAL/ HUF /FIRM/ AOP / BOI/DOMESTIC COMPANY FOR OTHER THAN SALARY.


Online classes for CA CS CMA



There are 0 Replies to this message






Related Files








Related Threads


Post your reply for Post budget-2012 : tds / tcs rates for f. y. 2012-13



Your are not logged in . Please login to post replies

Click here to login


Not a member yet ?? Click here to signup

Message







    

  • Use thank button to convey your appreciation.
  • Maintain professionalism while posting and replying to topics.
  • Try to add value with your each post.



Forum Home | Forum Portal | Member Control Center | Who is Where | Popular Threads | Today's Topic | Recent Posts | Today's Posts | Post New Topic | Thread With Files | Top Threads This Month | Forum Stats | Unreplied Threads

back to the top