INCOME TAX-TDS RATES
Rate of TDS is prescribed by the IT Act/Finance Act and not by way of Circular.
https://www.caclubindia.com/share_files/finance-act-2009-24950.asp
In that file see page no. 41 of the act. It clearly states
2. In the case of a company—
(a) where the company is a domestic company—
(i) on income by way of interest other than “Interest on securities” 10 per cent.;
I hope it clears you query
https://www.caclubindia.com/forum/tds-rate-for-company-deductee-for-period-april-09-sep-09-76753.asp?1=1&offset=2
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