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TDS Rate 194C AY 2003-04

Mohan (Accounts Mgr) (209 Points)

04 May 2010

Will u plz tell me the TDS rates for 194C for FY 2002-03 (AY 03-04) with surcharge and ed.cess ? and if posible kindly let me give the link for last 10 years tds rates, since not availed in google asking u frnds...thnx in advance.

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Gajendra R. Tiwari (Senior Manager-Accounts & CA IPCC Student) (429 Points)
Replied 04 May 2010

https://www.vkaprofessionals.com/tds-rates.htm

*Nature of payment*		IT	SC	*Total*
1. Salary to an employee [section 192]		Regular Rates
2. In the case of payment to a resident other than a company:		.	.	.
	a. interest other than interest on securities	10	0.50	10.50
	b. dividend	10	0.50	10.50
	c. winnings from lotteries, crossword puzzles, card games and any other game	30	1.50	31.50
	d. winnings from horse races	30	1.50	31.50
	e. insurance commission	10	0.50	10.50
	f. interest on debentures or securities (other than a security of the Central or a State Government) for money issued by or on behalf of a local authority or a statutory corporation or listed debentures of a company	10	0.50	10.50
	g. rent to an individual or a Hindu undivided family	15	0.75	15.75
	h. rent to a person other than an individual or a Hindu undivided family	20	1.00	21.00
	i. payment in respect of deposit under National Savings Scheme, 1987	20	1.00	21.00
	j. payment on account of repurchase of units by Mutual Fund or UTI [sec.80CCB(2)]	20	1.00	21.00
	k. commission on sale of lottery tickets	10	0.50	10.50
	l. payment to a contractor (in the case of advertising contracts)	1	0.05	1.05
	m. payment to a contractor (other than an advertising contract)	2	0.10	2.10
	n. payment to a sub-contractor	1	0.05	1.05
	o. commission or brokerage (up to May 31, 2002: 10 per cent plus surcharge)	5	0.25	5.25
	p. fees for professional or technical services	5	0.25	5.25
	q. income in respect of units of UTI/Mutual Fund (applicable from June 1, 2002)	10	0.50	10.50
	r. any other income	20	1.00	21.00
3. In the case of payment to a non-resident other than a company [see Note below]		.	.	.
	a. income from foreign exchange assets payable to an Indian citizen	20	1.00	21.00
	b. income by way of long-term capital gains referred to in section 115E	10	0.50	10.50
	c. other long-term capital gains	20	1.00	21.00
	d. income by way of interest payable by Government/Indian concern on money borrowed or debt incurred by Government or Indian concern in foreign currency	20	1.00	21.00
	e. rent to an individual or a Hindu undivided family	15	0.75	15.75
	f. rent to a person other than an individual or a Hindu undivided family	20	1.00	21.00
	g. winnings from lotteries, crossword puzzles, card games and any other game	30	1.50	31.50
	k winnings from horse races	30	1.50	31.50
	i. payments to non-resident sportsmen or sports association referred to in section 115BBA	10	0.50	10.50
	j. payments in respect of National Savings Scheme, 1987	20	1.00	21.00
	k. payments on account of repurchase of units by Mutual Fund/UTI [sec. 80CCB(2)]	20	1.00	21.00
	l. income by way of interest/ dividends payable in respect of bonds/ shares referred to in section 115AC or by way of long-term capital gain arising from transfer of such bonds	10	0.50	10.50
	m. commission on sale of lottery tickets	10	0.50	10.50
	n. income in respect of units referred to in section 115AD(I)(a) payable to foreign Institutional Investor (other than capital gain)	20	1.00	21.00
	o. income payable in respect of units of UTI or Mutual Fund (applicable from June 1, 2002)	20	1.00	21.00
	p. any other income	30	1.50	31.50

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4. In the case of payments to a domestic company:
	a. interest other than interest on securities	20	1.00	21.00
	b. dividend	10	0.50	10.50
	c. winnings from lotteries, crossword puzzles, card game and any other game	30	1.50	31.50
	d. winnings from horse races	30	1.50	31.50
	e. commission on sale of lottery tickets	10	0.50	10.50
	f. payments to a contractor (in the case of advertising contracts)	1	0.05	1.05
	g. payment to a contractor (other than an advertising contract)	2	0.10	2.10
	h. payments to sub-contractor	1	0.05	1.05
	i. commission or brokerage (up to May 31, 2002: 10 per cent plus surcharge)	5	0.25	5.25
	j. rent	20	1.00	21.00
	k. fees for professional or technical services	5	0.25	5.25
	l. income in respect of units of UTI/ Mutual Fund (applicable from June 1, 2002)	10	0.50	10.50
	m. any other income	20	1.00	21.00
5. In the case of payments to a non-domestic company [see Note below]		.	.	.
	a. winnings from lotteries, crossword puzzles, card games and any other game	30	1.50	31.50
	b. winnings from horse races	30	1.50	31.50
	c. interest payable by Government or an Indian concern on money bor rowed or debt incurred in foreign currency	20	1.00	21.00
	d. royalty payable by Government or an Indian concern in pursuance of an agreement made by it with the Government or the Indian concern after March 31, 1976, where such royalty is in consideration for the transfer of all or any rights (including the granting of a licence) in respect of copyright in any book on a subject referred to in the first proviso to sub-section (1A) of section 115A to the Indian concern or in respect of computer software referred to in the second proviso to section 115A(1A), to a person resident in India-	.	.	.
	where the agreement is made before June 1, 1997	30	1.50	31.50
	where the agreement is made after May 31, 1997	20	1.00	21.00
	e. royalty [not being royalty of the nature referred to in (d) supra] payable by Government or an Indian concern in pursuance of an agreement made by it with the Government or the Indian concern and where such agreement is with an Indian concern, the agreement is approved by the Central Government or where it relates to matter included in the industrial policy, the agreement is in accordance with that policy-	.	.	.
	where the agreement is made after March 31, 1961 but before April 1, 1976	50	2.50	52.50
	where the agreement is made after March 31, 1976 but before June 1, 1997	30	1.50	31.50
	where the agreement is made after May 31, 1997	20	1.00	21.00
	f. fees for technical services payable by Government or an Indian concern in pursuance of an agreement made by it with the Government or the Indian concern and where such agreement is with an Indian concern, the agreement is approved by the Central Government or where it relates to matter included in the industrial policy, the agreement is in accordance with that policy-	.	.	.
	where the agreement is made after February 29, 1964 but before April 1976	50	2.50	52.50
	where the agreement is made after March 31, 1976 but before June 1, 1997	30	1.50	31.50
	where the agreement is made after May 31, 1997	20	1.00	21.00
	g. rent	20	1.00	21.00
	h. long-term capital gains	20	1.00	21.00
	i. payments referred to in section 115BBA	10	0.50	10.50
	j. commission on sale of lottery tickets	10	0.50	10.50
	k. income payable in respect of units of UTI or Mutual Fund (applicable from June 1, 2002)	20	1.00	21.00
	I. payments to overseas financial corporation covered by section 115AB or by long-term capital gains arising from transfer of such units	10	0.50	10.50
	m. income by way of interest dividend in respect of bonds/shares referred to in section 115AC or by way of long-term capital gain arising from transfer of such bonds	10	0.50	10.50
	n. income (other than capital gain) in respect of units referred to in section 115AD(1)(a) payable to Foreign lnstitutional Investor	20	1.00	21.00
	o. on any other income	40	2.00	42.00

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Please Note: Tax is deductible at source under section 195 at the above rate or rates specified in Double tax Avoidance agreements entered into by the Central Govenment under section 90 (whichever is lower) .

Rates of Tax Collection at Source for Financial Year 2002-03

During the financial year 2002-03, tax shall be collected under section 206C at the following rates-

Nature of goods	When purchaser is a person other than foreign company			When the purchaser is a foreign company
.	IT	SC*	Total	IT	SC*	Total
Alcoholic liquor for human cosumption (other than Indian made foreign liquor) and tendu leaves	10	Nil	10	10	Nil	10
Timber obtained under a forest lease	15	Nil	15	15	Nil	15
Timber obtained by any mode other than under a forest lease	5	Nil	5	5	Nil	5
Any other forest produce (not being timber or tendu leaves)	15	Nil	15	15	Nil	15

Pl note that sections 194B and 206C do not provide surcharge rate. Part II of the First Schedule to the Finance Bill provides surcharge rate for sections 193, 194, 194A, 194B, 194BB, 194D and 195. As a consequence, surcharge rate is not given for tax collection at source under section 206C by the Finance Bill.

*Clause 2( 7) of the Finance Bill, 2002, reads as under -
	"(7) In cases in which tax has to be collected under the proviso to section 194B or under section 206C of the Income-tax Act, the collection shall be made at the rates specified in that section or at the rates specified in Part II of the First Schedule, as the case may be, and shall be increased, by a surcharge for purposes of the Union, calculated in each case, in the manner provided therein."